Crypto Market Surges to $2.4T as Ceasefire Sparks Risk Rally

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The global crypto market jumped past $2.4 trillion following easing geopolitical tensions between the US and Iran, signaling a strong return of risk appetite. The rally triggered over $596 million in liquidations across derivatives markets, showing how quickly sentiment flipped from cautious to bullish. Bitcoin led the move, climbing above $71,000 and extending its weekly gains.

This surge reflects a familiar pattern—crypto markets often react sharply to geopolitical developments. With tensions cooling, capital rotated back into digital assets, pushing the market above key technical levels for the first time in weeks. However, resistance near $2.45 trillion remains a key level to watch for sustained upside.

[bonk]

ah yes, $596 million liquidated, totally healthy market behavior