Bitcoin pushed back above $80,000 for the first time since late January, as 
traders reacted to a mix of geopolitical relief, steady ETF demand and a 
moderate short squeeze across crypto derivatives markets. BTC traded near 
$80,000 after touching an intraday high of $80,529, reaching its highest level 
since January 31. The break matters because $80,000 had become the market’s 
nearest psychological ceiling after weeks of recovery from deeper Q1 stress. 
Why Is The Bitcoin Price Up Today? The main catalyst appeared to come from 
Washington. In a Truth Social post on Sunday, US President Donald Trump 
announced “Project Freedom,” an operation he said would help ships stranded by 
the closure of the Strait of Hormuz. Trump framed the move as a “humanitarian 
gesture” for neutral countries affected by the US-Israeli war with Iran, 
saying the US would “guide their Ships safely” through restricted waterways so 
they could resume business. Related Reading: Bitcoin Apparent Demand Remains 
Weak — What This Says About Price Recovery The message landed in a market 
already sensitive to any shift in the Hormuz standoff. The initiative is 
scheduled to begin Monday and could involve guided-missile destroyers, more 
than 100 aircraft and 15,000 service members, while Iran denounced the plan as 
a possible ceasefire violation. “They are victims of circumstance,” Trump 
wrote of the stranded crews. Any interference, he added, would “have to be 
dealt with forcefully.” For crypto traders, the important point was not that 
Hormuz risk disappeared. It did not. The point was that the US announcement 
gave markets a concrete de-escalation path after weeks in which blocked 
shipping, higher energy risk and uncertainty around Iran had weighed on 
broader risk appetite. Iran’s effective closure of the strait had shaken 
global markets, with ships and seafarers stranded in the Persian Gulf since 
the war began. Related Reading: Bitcoin Bulls Show Signs Of Exhaustion Around 
$78,000 — What’s Next? Derivatives positioning then amplified the move. 
CoinGlass data shows $356.55 million in total crypto liquidations over 24 
hours, including $303.88 million in short liquidations against $52.66 million 
in longs. Bitcoin accounted for the largest liquidation block in the heatmap 
at $170.69 million, followed by Ethereum at $91.60 million. That is consistent 
with a moderate short squeeze: bearish positions were forced to buy back into 
a rising market, adding mechanical demand just as BTC cleared the $80,000 
area. The squeeze was not the only support. Spot bitcoin exchange-traded funds 
in the US recorded a fifth consecutive week of inflows, totaling $153.87 
million last week, according to SoSoValue data. That flow profile helped 
strengthen the argument that the move was not purely a headline-driven spike, 
but also reflected continued institutional allocation after weeks of recovery. 
At press time, BTC traded at $79,865. Featured image created with DALL.E, 
chart from TradingView.com

Bitcoin Price Tops $80,000 For First Time Since January After Trump Announcement

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Market fragility and geopolitical tensions could trigger significant 
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appeared first on Crypto Briefing.

Bitcoin Price Tops $80,000 For First Time Since January After Trump Announcement

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