Crypto Market Sees Rebound Above $70K Amid Geopolitical Shifts

The cryptocurrency market has experienced significant volatility over the past day due to shifting geopolitical signals. The United States proposed a peace plan to Iran with 15 conditions, which led to a drop in oil prices and a rebound in equities.

Bitcoin was among the beneficiaries of this shift, staging a V-shaped recovery and reclaiming its previous high above $70,000. However, altcoin risk appetite remains cautious, and market structure is still uncertain.