So crypto news just got interesting again. Trump announced he's extending the pause on Iran strikes to 10 days, and you could literally see the market sigh in relief. Bitcoin bounced back from its earlier slide - we're talking about a roughly 1% recovery from the worst levels, now sitting around 73K. The broader market had taken a beating on Thursday with BTC down over 3%, but that geopolitical de-escalation seems to have calmed things down a bit.

What's wild is how much the Middle East situation is affecting everything. It's not just about oil anymore - Western bond markets are getting hammered. The 10-year Treasury yield jumped to 4.43% before pulling back slightly. That's wild when you think about the Fed rate cut expectations just evaporating. This is the kind of macro backdrop that moves crypto hard.

Looking at the alts, Ethereum bounced too with about 1.17% gains in the last 24 hours. Solana up 0.36%, XRP flat at 0%, ADA down slightly at -0.46%. Nothing crazy, but the fact that they're holding near these levels after Thursday's selloff is actually decent. The crypto market clearly took the diplomatic pause as a win.

Meanwhile, World Liberty Financial's WLFI token got absolutely wrecked - down 15% after they had to defend their lending strategy on Dolomite. Using your own governance token as collateral to drain stablecoin pools? Yeah, that's the kind of move that makes people nervous. Not a great look for anyone in the space.

Overall though, this crypto news cycle shows how interconnected everything is now. Geopolitics, bonds, oil, digital assets - it's all moving together. The fact that we got a small bounce on diplomatic progress is probably just the start of how these macro forces will play out.