Trump threatened to destroy Iranian power plants if the Strait of Hormuz is not reopened, sending Bitcoin from above $70K to $68,241 and causing $279M in crypto liquidations with 78,694 traders wiped out.

Bitcoin reached a new record of $109,500, sparking a rally in meme coins. The sector's market cap hit $76.4B with MOG, WIF, and GIGA posting double-digit gains. Short sellers of DOGE and other tokens faced nearly $7M in liquidations.

Bitcoin breached $109,500 for the first time, pushing the meme coin market cap to $76.4B. MOG, WIF and other tokens surged over 12%, while short sellers faced heavy liquidations, with DOGE shorts alone losing $7 million. Altcoin season expectations rise.

Bitcoin’s jump to a record $109,500 sparked a sharp risk-on move in meme coins, with several tokens posting double-digit gains and short liquidations amplifying momentum across the sector.

Bitcoin shattered records at $109,500, triggering a meme coin rally. MOG surged 13.17%, WIF rose 12.68%, and DOGE short sellers faced $7 million in liquidations. Analysts expect meme coins to lead the next altseason.

Bitcoin hit a new all-time high of $109,500 on Wednesday, triggering a massive rally in meme coins. MOG led with a 13.17% gain, while DOGE shorts saw nearly $7 million in liquidations. Analysts expect altseason to follow, with meme coins leading the charge.

Bitcoin’s rally past $120,000 triggered a wave of short liquidations, including $334 million in positions wiped out for one high-risk trader within three hours, while total market liquidations topped $702 million in 24 hours.

Bitcoin’s rally above $120,000 triggered a massive short squeeze, wiping out $334 million in positions held by a high-risk trader and helping drive broader market liquidations past $702 million in 24 hours.