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Crypto markets rise $39B as ceasefire talks boost optimism but demand remains cautious

Market News
21 Jun 2026
AMBCrypto
View Source
Bullish
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Crypto markets gained about $39 billion after U.S.-Iran ceasefire talks led by Marco Rubio raised optimism. Bitcoin reclaimed $64,000 and Ethereum showed recovery signs, but trading volumes stayed below normal, indicating limited conviction. Traders increased derivatives exposure, suggesting cautious optimism, though spot demand remained weak, especially in the U.S. The market's future depends on stronger spot buying to sustain gains beyond leveraged trading activity.

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