Bitcoin Breaches $67,000 for First Time in Two Weeks as $198M Shorts Liquidate

According to Bitstamp data, Bitcoin breached $67,000 for the first time in nearly two weeks on June 15, with an intraday high of $67,253, triggering $198 million in short liquidations in 24 hours. The move followed a U.S.-Iran agreement that saw Tehran pledge to reopen the Strait of Hormuz, easing geopolitical tensions. Bitcoin's nearly 5% gain lifted its market capitalization to approximately $1.35 trillion.

West Texas Intermediate crude briefly fell below $80 per barrel following the deal, cooling energy market fears. The risk-on sentiment spilled into broader markets, with ether, XRP, and HYPE posting double-digit gains, lifting the overall cryptocurrency market capitalization to $2.38 trillion.