The rally reflected improving risk sentiment following reports that the U.S. and Iran have reached a peace agreement, analysts said.

Bitcoin breached $64K following a teased U.S.-Iran peace deal, but massive spot ETF outflows reveal a deeper, critical liquidity crisis.

Bitcoin hovered near $64,000, buoyed by falling oil prices and optimism for a US-Iran peace deal, which lifted overall risk sentiment. While Bitcoin saw a slight gain, Ethereum…