The broader cryptocurrency market recovers with Bitcoin (BTC) scaling above $70,000 at press time on Tuesday as US President Donald Trump halts strikes on Iran’s power plants and energy infrastructure. The crypto derivatives market is seeing a shift toward long Bitcoin positions as short positions are wiped out. Artificial Intelligence (AI) crypto tokens such as Artificial Superintelligence Alliance (FET), Bittensor (TAO), and Aptos (APT) are leading the market recovery over the last 24 hours.

A near-term bullish shift in the crypto market

The announcement that the US has paused Iran-related energy attacks led to a fresh wave of recovery in the cryptocurrency market. CoinGlass data shows over $665 million of total liquidations in the…