Bitcoin BTC is hovering near $75,000 as it continues to face a wall of supply and institutional demand. The CoinDesk 20 (CD20) index rose around 1.9% in the past 24 hours, compared to bitcoin's 1%, due to reports of a ceasefire extension. The increases were also supported by a softer U.S. dollar and easing Treasury yields, which often support crypto prices. However, the backdrop remains tense due to the ongoing U.K. blockade of Iranian ports and threats from Iran's threats to disrupt shipping routes. Crypt futures open interest (OI) has risen 2.5% despite trading volume dropping 16% and liquidations falling 48% to $220 million. Meanwhile, XRP and DOGE have seen significant increases of at least 3%, highlighting positive perpetual funding rates and OI-adjusted cumulative volume delta (CVD).