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Bitcoin Rallies Past $81,000 as Middle East Tensions Ease and Shorts Squeeze

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin climbed 5.5% above $81,000 alongside gains in Ethereum and Solana as U.S.-Iran tensions paused.
  • The move triggered over $164 million in short liquidations and reduced Fed rate hike expectations, though persistent high Treasury yields and low ETF demand pose headwinds to sustained upside.
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104.61 +64.07% over the displayed period

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