Crypto liquidations totaled $520M in 24 hours as Bitcoin retreated, while equities rallied on U.S.-Iran cease-fire hopes.
Bitcoin fell below $81,000, trading at $80,964 (-0.38%), after a recent rally lost momentum. The pullback triggered $520M in liquidations across crypto markets, with longs and shorts nearly evenly affected.
Global equities extended gains, driven by optimism over a potential U.S.-Iran cease-fire. Oil prices softened, while gold rose on expectations of central bank rate cuts. Bitcoin’s market dominance held at 58.7%, with total crypto market cap at $2.76T.
Ethereum also declined, dropping 1.72% to $2,321. The Fear & Greed Index remained at 47, signaling market caution amid volatility.