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Bitcoin surges past $64K, wiping out geopolitical losses and triggering $96M in short liquidations.

Market News
10 Jul 2026
Bitcoin
View Source
Bullish
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Bitcoin climbed to an intraday high of $64,653 on July 10, recovering from earlier losses caused by Middle East tensions. This rally pushed the total crypto market cap to $2.28 trillion and forced $96 million in short liquidations, signaling renewed momentum. Despite a temporary lull in regional conflict, ongoing geopolitical uncertainty around the Strait of Hormuz may continue to impact markets. Analysts highlight that bitcoin's ability to hold above $64,000 is crucial for sustaining further gains, while failure to do so could lead to volatility and profit-taking.

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