Morning Minute: Bitcoin Passes $78k as Trump Extends Ceasefire Indefinitely
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- Trump extends the Iran ceasefire indefinitely, tying the pause to Tehran submitting a unified proposal to end the war.
- Bitcoin climbs to $78,300, up 2.2% in 24 hours and 5% week‑to‑date, while $240 million in leveraged shorts are liquidated.
- Kevin Warsh appears before the Senate Banking Committee as Trump's Fed‑chair nominee, disclosing holdings in Solana, Polymarket, Tenderly and other crypto funds.
Why it matters: Crypto investors gain as Bitcoin jumps to $78k, while short‑seller firms lose roughly $240 million; the ceasefire extension reduces geopolitical risk, boosting market confidence and prompting regulators to scrutinize crypto‑related disclosures.
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