Bitcoin’s value jumped 5% to $72,841 after news of an Iran-US ceasefire deal boosted global markets’ optimism. The largest cryptocurrency remained down nearly 40% from its October record but attracted traders who bet it would fall. A surge near the $72,000 level has triggered a massive cluster of short liquidity, with experts predicting prices could reach up to $80,000 if sustained. Despite this, spot activity remains weak and investors are cautiously optimistic about institutional demand returning.
Source: https://finance.yahoo.com/news/bitcoin-jumps-three-week-high-061852543.html