Bitcoin hits $80K, triggers $114M short liquidations amid US-Iran tensions

Bitcoin surged briefly to $80,000, causing over $114 million in short position liquidations, driven by US-Iran geopolitical tensions impacting market risk sentiment. This price movement aligns with market predictions expecting Bitcoin to stay above $66,000 in early May, reflecting strong investor confidence. The situation remains dynamic, with traders watching for developments in the US-Iran conflict and potential Federal Reserve policy changes that could influence Bitcoin's price further.