If a ceasefire materializes, a relief rally could further benefit risk assets. For now, traders appear to be treating the headlines with skepticism. Bitcoin neared $70,000 as reports of potential U.S.-Iran ceasefire talks boosted risk appetite and triggered more than $270 million in short liquidations. Derivatives data show rising open interest and positive funding rates for bitcoin, ether and several major altcoins even as options markets remain cautious. Algorand’s ALGO token has jumped nearl…
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