Bitcoin Reaches $76,060 Peak Before Falling Back; Trump Hints at Renewed Iran Talks

# Bitcoin Hits Two-Month High Before Late Pullback Bitcoin rallied to $76,060, its highest in more than two months, after falling as low as almost $60,000 in recent months. Nearly $440 million was liquidated in the past 24 hours, including $240 million in bearish short bets, according to Coinglass.

Ethereum spiked to $2,415, revising levels last seen in early February, and rose 7% to almost $2,400 for a two-month high. Bitcoin and Ethereum erased their earlier advances late in the session.

Other leading cryptocurrencies traded flat on Tuesday. Open interest in Bitcoin futures rose 1.62% in the last 24 hours to $56.94 billion and has surged 14% since the beginning of the month. The majority of retail and whale derivatives traders on Binance were betting on BTC's price decline according to the Long/Short ratio.

"Extreme Fear" sentiment persisted in the market according to the Crypto Fear & Greed Index. Bitcoin began to hover between $60,000 and $75,000 throughout February and March. Bitcoin recorded an all-time high of around $126,000 in October.

Gain Amid Crypto Volatility Stocks added to their gains on Tuesday.

The S&P 500 increased 1% on Tuesday morning. The Nasdaq jumped nearly 2% on Tuesday morning. Shares of Strategy Inc. 82%. Shares of Coinbase Global Inc. 69%.

After Failed Negotiations President Donald Trump hinted at a second round of peace talks with Iran on Tuesday.

U.S. Vice President flew to Pakistan on Saturday to participate in marathon talks with Iranian officials over ending the monthlong conflict and opening up the Strait of Hormuz. U.S. and Iran were unsuccessful.

President Donald Trump claimed on Monday that Iran wants to negotiate an end to the conflict.

““We’ve been called by the other side, and they would like to make a deal very badly.””