Bitcoin Breaks Through $75,000 as Iran Diplomacy Signals Drive Biggest Crypto Rally Since February
Market / Price
Bitcoin surged past $75,000 for the first time since early February on Tuesday, posting its strongest intraday move in weeks as traders reacted to signals of renewed US-Iran diplomatic contact and covered short positions that had been accumulating around the $73,000 to $75,000 resistance zone. The move triggered approximately $200 million in short liquidations, accelerating the upside momentum in a market that had spent more than a month confined to a narrow range between $68,000 and $75,000. The catalyst was the same Trump statement that briefly lifted equity markets: his claim that Iranian representatives had contacted his administration “to work
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