BTC Tops $74,000 and ETH Nears $2,300 as $300 Million in Short Positions Are Liquidated

On Monday morning, Bitcoin climbed to a six‑week high slightly above $74,000 while Ethereum advanced to nearly $2,300. The broader crypto market cap expanded to about $2.6 trillion and roughly $350 million in positions were liquidated, with nearly $300 million coming from shorts. These sharp moves followed recent US military action involving Iran’s Kharg Island and related comments from Donald Trump on possible further escalation.