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Crypto Prices Surge on US-Iran Ceasefire Optimism

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Cryptocurrency prices rose as the US-Iran ceasefire reduced military tensions and boosted investor sentiment.

Bitcoin hit $65,500 before facing resistance, while Ethereum spiked to $1,960.

Market data indicates significant short covering, suggesting a reduction in bearish bets despite prevailing fear sentiment.

Analysts believe the crypto market has likely reached its bottom, with strong potential for Ethereum and altcoins to outperform Bitcoin.

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