Bitcoin rises on news of ceasefire talks between the US and Iran, Algorand surges nearly 50% this month
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Bitcoin is approaching $70,000 as news of potential ceasefire negotiations between the US and Iran boosts risk appetite, leading to over $270 million in short positions being liquidated. Derivatives data shows increases in open interest for Bitcoin, Ethereum, and several major tokens, with positive funding rates, though the options market remains cautious. Algorand’s ALGO token has surged nearly 50% this month, with its market capitalization surpassing $1 billion, after a Google quantum AI paper mentioned its FALCON post-quantum signature scheme as a model for quantum-secure blockchains.
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