Signal

Bitcoin Hits 40-Day High As US-Iran Tensions Trigger $113M In Short Liquidations

Crypto markets are off to a strong start this week, with major altcoins surging amid more than $400 million in short liquidations. Stocks rallied while oil dropped 5% after U.S. Treasury Secretary Scott Bessent told CNBC that Iranian oil tankers are being allowed to transit the Strait of Hormuz.

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Bitcoin’s derivatives-led rally is already unraveling. Prices are back below $75,000
CoinDeskGlobal
Crypto Markets Soar as Stocks Rally, Oil Drops 5%
The Defiant
Bitcoin Price Surges Above $75,000 as Bullish Momentum Builds
Bitcoin Magazine
Bitcoin Hits 40-Day High As US-Iran Tensions Trigger $113M In Short Liquidations
NewsBTC
Bitcoin just surged past $75,000. Derivatives seem to be driving the rally.
CoinDeskGlobal