Bitcoin, broader market flat as U.S.-Iran negotiations begin

The market rose over the week after a two-week ceasefire was announced, triggering a derivatives short squeeze that wiped out over $430 million in bearish positions. What to know : Bitcoin is trading below $73,000, down 0.6% in 24 hours, as U.S. and Iranian officials opened high-level talks in Islamabad. The broader crypto market is mostly flat. The market rose over the week after a two-week ceasefire was announced, triggering a derivatives short squeeze that wiped out over $430 million in bearish positions. The truce remains fragile with Israel continuing airstrikes against Lebanon and Iran announcing it will charge ships a toll to pass through the Strait of Hormuz, prompting criticism from U.S. President Donald Trump.