Bitcoin Shatters $72,000 Level Following US-Iran Ceasefire

Bitcoin Price: Rallies to $72,700, rising by 5% over 24 hours

Impact of Ceasefire: Generalized crypto market, US stocks futures, and oil prices fall sharply to $95/barrel

Ceasefire Highlights: US and Iran declare 2-week ceasefire; Strait of Hormuz opens with certain conditions

Key Facts

Short Sale Liquidation: $600 million worth of crypto futures liquidated, most being from short sellers
Bullish Market Sentiment: Bullish sentiment dominates; traders square off against losses
Global Markets: S&P 500 futures rise by 1.9%; Nasdaq futures increase 2.2%trading

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