Bitcoin Price Rebounds to $71,000 Amid US-Iran Ceasefire Agreement

Bitcoin's price has rebounded to $71,000 after the US-Iran ceasefire agreement boosted market sentiment. The cryptocurrency gained 3.36% in the past 24 hours, with Ethereum also recording significant gains.

The agreement between the two nations raised hopes that further escalation could be avoided, leading to a surge in riskier assets. Bitcoin's price briefly jumped to $72,738, its highest level since March 18, before settling just below $72,000.

Smaller-cap tokens also benefited from the improved market sentiment, with Ethereum rising by up to 7.4% to $2,273.