I just noticed that Bitcoin recovered quite a bit on Monday, climbing to $73K after traders returned from the Easter weekend. The move was driven by news about possible ceasefire negotiations in Iran, which eased tensions around maritime trade. It’s interesting how geopolitical news in cryptocurrencies moves the market so much.

The numbers are quite clear: nearly $200 million in short positions were liquidated in 24 hours. Ethereum stood out with a 3.7% gain to $2,250, while Solana rose to $85 and Dogecoin hit $0.10. The overall crypto market surpassed a $2.5 trillion market cap. So basically, those betting on the downside were pressured when sentiment shifted.

What intrigues me is that Bitcoin remains stuck in that range between $65K and $73K that has been holding everything back since the conflict began. Yes, we recovered the upper level, but that doesn’t mean we’ve broken resistance. It all depends on whether this ceasefire materializes or if it’s just another headline that disappears in 48 hours. That’s how it works with cryptocurrencies: one day everyone is bearish, the next there’s a strong rally. Sector news in crypto is unpredictable.