Trump's Iran ceasefire lifts crypto rally, Bitcoin $73k
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- Trump announced a two‑week Iran ceasefire, sparking a crypto market rally.
- Bitcoin rose to about $72,700, but analysts say it must break $75,000 to escape its multi‑month range.
- Ether climbed 6% to $2,250, with open interest up 6% to 14.22 million ETH, the highest since March 29.
- Futures saw $600 million liquidated in 24 hours, $420 million of which came from bearish short positions.
- Zcash surged 23%, leading an altcoin rally that also lifted tokens like MON, ZRO, NEAR and RENDER.
- Oil prices fell, with Brent crude dropping to $94 per barrel from a recent high of $114.
Why it matters: Long‑biased crypto traders gain as Bitcoin climbs toward $73k and altcoins like Zcash jump double digits, while bearish short sellers lose about $420 million in forced liquidations. The ceasefire also eases oil demand pressure, pulling Brent crude down to $94 per barrel.
