Bitcoin Cracks $71,000, Ethereum, XRP, Dogecoin Rebound As Trump Touts Ceasefire Talk Progress

Bitcoin spiked above $71,000 as U.S.-Iran talks seem to advance towards a conclusion of the war.

Notable Statistics:

• Coinglass data shows 165,632 traders were liquidated in the past 24 hours for $831.23 million.       
• SoSoValue data shows net outflows of $52.1 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net outflows of $41.97 million.
• In the past 24 hours, top losers include Siren, River and Kaspa.

Notable Developments:

• Nasdaq Doubles Down On Crypto Push With Talos Partnership
• Dogecoin To Get Its Own ‘Windows’? Here’s How DogeOS Could Work
• Tom Lee’s Bitmine Buys 65,000+ ETH For $138M As BMNR Surges 3%
• Bitcoin Cracks $70,000, But Bulls Should Not Get Their Hopes Up
• Strategy Buys Just 1,031 Bitcoin After Two Weeks Of $1B+ Purchases: What Changed?
• US Ground Troops To Enter Iran Soon? Odds Climb On Crypto Prediction Market In A Week As Tensions Escalate
• Anthony Scaramucci Sets $1 Million Bitcoin Target By 2032, Explains Why He’s Buying Now: ‘You Can’t Be In The Market Like Me For 38 Years And….’

Trader Notes: CryptosBatman noted Bitcoin is showing a hidden bullish divergence supported by improving macro sentiment. However, he noted the price remains below key resistance, meaning the move could either extend into a short rally or fade as a temporary bounce.

Lennaert Snyder said Bitcoin remains highly sensitive to geopolitical headlines, with price action sweeping liquidity and rejecting at resistance. He added that the short-term structure is still bearish, with downside risk toward the $67,500 liquidity zone.

Daan Crypto Trades explains that Bitcoin continues to trade within a range, identifying $72,000 as key resistance. He expects choppy conditions to persist unless BTC breaks above this level or drops back toward support in the low $60,000 range.

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