Bitcoin Above $70K as Ceasefire Rally Cools

Bitcoin$62,375.52 ripped back above $70,000 on Wednesday after news of an Iran ceasefire eased the market's geopolitical nerves. Nice headline, clean bounce, but the under-the-bonnet read is less euphoric than the price alone suggests. ^{[1] [2]}

BTC was trading around $71,000 at the time of reporting, up more than 4% on the day. The move lines up with a broader rebound in risk appetite, though analysts have also pointed to ETF flows and heavy spot dip-buying between $60,000 and $70,000 as important support beneath the rally. ^{[3] [4]}