The cryptocurrency market has largely taken a breather on Friday after the United States (US) and Iran agreed to a ceasefire, which lifted sentiment and triggered a broader price recovery.

Bitcoin (BTC) hovers above $71,000 but holds below its weekly peak of $73,145. Bulls appear intent on securing a higher support ahead of a potential breakout toward the psychological $80,000 threshold.

Altcoins, including Ethereum (ETH) and Ripple (XRP), are also struggling for direction, with ETH trading below $2,200 and XRP hovering under $1.35.

Despite the ceasefire in the Middle East, market sentiment has remained suppressed. The crypto Fear & Greed Index is reading 16 in extreme fear territory on Friday, up from 14 the previous day. If sentiment…