Bitcoin gains modestly on ceasefire optimism; oil sinks 4%

Crypto markets spent most of the session under pressure before recovering slightly late in the day on fresh geopolitical headlines.

Losses narrowed shortly after the close of U.S. equities, with digital assets seeing a modest uptick.

A report from Channel 12 suggested that a one-month ceasefire could soon be announced, as part of negotiations involving White House envoys Steve Witkoff and Jared Kushner.

The news helped improve sentiment at the margin, allowing crypto prices to bounce from intraday lows.

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