Bitcoin Hits 10-Week Peak Following U.S.-Iran Ceasefire Extension

Bitcoin (BTC-USD) climbed 2.9% on Wednesday, reaching a 10-week high as markets reacted positively to a reduction in geopolitical friction. The digital asset touched a peak of $78,500 during the session, reflecting a renewed appetite for risk among investors. The rally was triggered by the announcement that President Donald Trump has extended the ceasefire agreement with Iran. This move signals a temporary reprieve in one of the world's most volatile diplomatic corridors, reducing the immediate fear of escalation in the Middle East. This shift in sentiment suggests that traders are pivoting away from traditional safe-haven assets in favor of growth-oriented positions. The extension of the ceasefire provides a window of stability that has historically supported bullish momentum in the cryptocurrency markets. While the broader market continues to monitor diplomatic developments, the immediate impact has been a lift in risk asset valuations. The recovery to $78.5K marks a significant technical milestone for Bitcoin as it tests recent resistance levels amid the geopolitical thaw.