Bitcoin hits $80,000, triggers $114M in short liquidations amid US-Iran tensions

Bitcoin surged to $80,000, triggering $114M in short liquidations amid heightened US-Iran tensions and impacting oil prices. The market interprets this price movement as supporting further upward momentum for Bitcoin, fueled by President Trump's potential conflict resolution. Market participants are closely monitoring geopolitical developments and macroeconomic data for their potential impact on Bitcoin’s price trajectory.