Iran missile report sends bitcoin back to $79,000, with ETH, SOL, DOGE sharply lower
Bitcoin retreated to $79,000 after Iran's Fars news agency claimed missile strikes on a U.S. warship near the Strait of Hormuz, though Washington denied the report. Oil spiked 5% before paring gains. Ether, Solana, and Dogecoin fell sharply from intraday highs but remained positive on the day. Senate's stablecoin compromise provided earlier support, but geopolitical tensions now weigh on risk sentiment across crypto markets.
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Crypto bears got it wrong again, losing $300 million in liquidations
Bitcoin surged to $80,594, triggering $301.93 million in short liquidations across crypto markets. Bears faced forced unwinding as the move caught leveraged positions off-guard, marking the second major squeeze in two weeks. Ethereum, altcoins rallied alongside spot ETF inflows. RWA tokens led gains following CLARITY Act regulatory clarity. Funding rates turning positive signal sustained bullish momentum.
