Bitcoin staged a sharp intraday turnaround, climbing from under $63,000 to peak at $64,913 before stabilizing around $64,500. This 4.2% gain pushed the total crypto market capitalization past $2.3 trillion.
Key Takeaways
Bitcoin spiked past $64,000 on July 14, reversing its losses to hit a fresh multiweek high.Coinglass data showed the surprise crypto surge triggered $277 million in short-bet liquidations.Federal Reserve rate cut hopes fade as conflict near the Strait of Hormuz keeps Brent oil above $85.
