Crypto Markets Surge as US-Iran Ceasefire Triggers Short Squeeze

Crypto markets rallied sharply on Wednesday as a surprise two-week ceasefire between the U.S. and Iran sent Bitcoin to its highest level since mid-March.Bitcoin is changing hands at $71,638, up 4.3% over the past 24 hours, according to CoinGecko. Ethereum climbed 6% to $2,220, while the total crypto market capitalization rose nearly 4% to $2.51 trillion. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io