Bitcoin tops $67,000 on ceasefire news

The price of the leading cryptocurrency rose above $67,000 after reports of a ceasefire between the US and Iran. Despite the gain, derivatives metrics signal market participants’ distrust of the current rally. At the time of writing the price had corrected to $65,626 (-1.3% over 24 hours). The annual premium on bitcoin futures stood at 2%. The three-month metric remains below the neutral level of 4%. In the market […]

Source: CryptoTech