Bitcoin retakes $70,000 on April 6 as ceasefire talk lifts risk sentiment

Bitcoin climbed to an intraday high of $70,275 on April 6, returning its market capitalization to above $1.4 trillion while the total crypto market rose to $2.46 trillion. The move coincided with sharp swings in WTI crude and triggered about $325 million in 24-hour liquidations, led by more than $274 million in short positions.