Bitcoin surged to an intraday high of $67,248 on Monday, marking a 40% rise in trading volume over the previous 24 hours.
Crypto Market Performance
Ethereum pushed past the $1,800 threshold while XRP climbed 4.5% from the day before, reflecting broad investor enthusiasm for leading blockchain assets. Approximately $480 million in crypto positions were liquidated in the last day, most of which were short bets, according to Coinglass data. Open interest for Bitcoin futures grew 2.06%, indicating fresh capital flowing into the market.
The total cryptocurrency market capitalization reached $2.27 trillion, up 1.59% within 24 hours, underscoring the sector’s expanding footprint among investors.
Equity Market Surge
The S&P 500 advanced 1.65% to close at 7,554.29, while the Nasdaq Composite jumped 3.07% to finish at 26,683.94, highlighting a risk‑on sentiment across major indices. The Dow Jones Industrial Average added 468.77 points, or 0.92%, to mark a record high of 51,671.03. This rally followed President Donald Trump’s announcement that a peace agreement would open the Strait of Hormuz to normal traffic, with the deal slated for signing in Switzerland on June 19.
Potential Risks and Analyst View
More than $300 million in Bitcoin short positions face liquidation pressure should the price climb toward $70,000, a scenario that could trigger sharp market corrections. Cryptocurrency analyst Michaël van de Poppe warned that the current momentum may mask underlying volatility, urging investors to