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

Bitcoin surged to a 40-day high of $74,320 amid US-Iran tensions and potential military strikes on Iran's oil infrastructure, triggering $113 million in short liquidations. The geopolitical crisis has driven investors toward crypto as a hedge while traditional stocks decline, with digital assets gaining over $310 billion in market cap since the conflict began.

• →Bitcoin jumped from $72,400 to $74,320 in under 30 minutes due to escalating US-Iran tensions over oil trade routes.
• →Short liquidations totaled $113 million in one hour, with overall 24-hour liquidations reaching $385.48 million across 94,612 traders.
• →Crypto markets have gained $310 billion in market cap while stocks lost trillions since the US-Iran conflict began February 28.
• →Trump is reportedly considering military action against Iran's Kharg Island oil terminal and forming coalitions to reopen the Strait of Hormuz.
• →ETF inflows and pending crypto legislation continue to provide underlying support beyond geopolitical factors.