US-Iran Ceasefire Triggers Significant Rebound in Crypto Market

The recent ceasefire announcement between the US and Iran has triggered a significant rebound in the crypto market, with Bitcoin's price rising over 10% to nearly $72,000. This surge is seen as a sign of strength in the market, but analysts caution that the major resistance level remains at $76,000.

According to on-chain data, long-term holder supply for Bitcoin has turned positive, reflecting increased maturity rather than fresh accumulation. This shift is mainly driven by coins aging past six months, with 29% of long-term holder supply currently in loss.