Bitcoin (BTC) hovers above $72,000 at press time on Friday, extending its recovery as Israel agrees to direct talks with Lebanon. Meanwhile, privacy coins Dash (DASH) and Zcash (ZEC) are leading gains over the last 24 hours.

Crypto Market recovers amid Middle East de-escalation efforts

Israel’s missile strikes on Lebanon prompted a warning from Iran of stepping back from the vulnerable US-Iran truce. Israel’s Prime Minister Benjamin Netanyahu tested the terms set by US President Donald Trump for a two-week ceasefire before deciding to pursue direct talks with Lebanon, which pushed down oil prices.

Meanwhile, CoinGlass data shows liquidations over the past 24 hours reached $342.22 million, led by $250.44 million in short liquidations,…