Bitcoin Prices Surge Past $78,000 Amid US-Iran Ceasefire Extension

Global markets reacted positively to President Trump's indefinite extension of the US-Iran ceasefire, with Bitcoin leading the charge in cryptocurrency value.

The top cryptocurrency reached a peak of $78,446 on April 22, effectively erasing all losses since April 20. This surge brought Bitcoin's market capitalization back above the $1.56 trillion threshold and saw the total crypto market cap reach a new high of $2.7 trillion.