US-Iran Ceasefire Talks Send Bitcoin Price Soaring Above $69K

A potential 45-day ceasefire between the US and Iran has sent shockwaves through the cryptocurrency market, causing Bitcoin price to surge above $69K. According to reports, regional mediators are actively discussing terms for a ceasefire, which could serve as an effort to permanently end the ongoing war.

The news of the ceasefire discussions has triggered a significant increase in trading volume, with CoinGlass data showing a 77% rise in interest among traders over the last 24 hours. Additionally, BTC futures open interest on CME and Binance climbed almost 3% and 5.61%, respectively, signaling positive sentiment among derivatives traders.

While skepticism remains high, regional mediators are optimistic about negotiations aimed at a lasting peace agreement. President Trump has extended his deadline to strike Iranian energy plants to 8 pm ET on April 7, giving more time for talks to progress.