Bitcoin (BTC) Neared $80K as the US and Iran Extended the Ceasefire: Your Weekly Crypto Recap

The tension, and more specifically the recent signs of de-escalation, in the Middle East have sparked another wave of volatility across the broader cryptocurrency market. Recall that on April 22, Bitcoin (BTC) shot above $78,000 after US President Donald Trump revealed that the ceasefire with Iran had been extended. The sudden uptrend negatively affected traders who had opened too risky positions with high leverage, …