Key Takeaways:
Bitcoin surged to $72,865 following a Middle East ceasefire, lifting the crypto market cap to $2.51 trillion. The 5% rally triggered $477 million in liquidations, wiping out short bets on platforms like Bitget. Gracy Chen predicts Bitcoin may hit $80,000 if demand rises, with a critical support level at $68,000. Bitcoin Surges Despite Continuing Geopolitical TensionsThe geopolitical tension led the Pakistani prime minister to issue a formal statement urging all involved parties to refrain from further actions that could jeopardize planned talks between Washington and Tehran.
Institutional Stability vs. Onchain Demand
