{"id":75408,"date":"2026-07-14T19:36:37","date_gmt":"2026-07-14T19:36:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-bulls-drive-btc-near-65000-despite-middle-east-strikes-as-shorts-collapse\/"},"modified":"2026-07-14T19:36:37","modified_gmt":"2026-07-14T19:36:37","slug":"bitcoin-bulls-drive-btc-near-65000-despite-middle-east-strikes-as-shorts-collapse","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-bulls-drive-btc-near-65000-despite-middle-east-strikes-as-shorts-collapse\/","title":{"rendered":"Bitcoin Bulls Drive BTC Near $65,000 Despite Middle East Strikes as Shorts Collapse"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bitcoin spiked past $64,000 on July 14, reversing its losses to hit a fresh multiweek high.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Coinglass data showed the surprise crypto surge triggered $277 million in short-bet liquidations.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Federal Reserve rate cut hopes fade as conflict near the Strait of Hormuz keeps Brent oil above $85.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Inside the Intraday Rally<\/h2>\n<p>In a remarkable turnaround, <span>bitcoin<\/span> reversed its Monday losses and came close to breaching the $65,000 mark even as turmoil in the Middle East continued. However, as shown by the daily chart, it was not until after 8 a.m. that the <span>cryptocurrency<\/span> began a sharp ascent, ultimately tapping a multiweek high.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/bitcoin\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"bitcoin market data\"><\/iframe> <\/p>\n<p>Before that, it struggled to breach the $63,000 mark as it traded above $62,500 for much of the evening of July 13 and the early hours of Tuesday. However, around 8:30 a.m. EDT, <span>bitcoin<\/span> spiked, jumping from just under $62,900 to reach $64,000 an hour later before consolidating above $63,500. A second rally lifted it past the $64,000 mark, and the ascent continued until it peaked at $64,913.<\/p>\n<p> <span>Bitcoin<\/span> has since retreated to just under $64,500, a 24-hour gain of 4.2%. The unexpected surge lifted its market capitalization past $1.29 trillion, pushing the aggregate <span>crypto<\/span> <span>market cap<\/span> over the $2.3 trillion mark.<\/p>\n<p>On the derivatives market, <span>bitcoin<\/span>\u2019s price action in the 24-hour period was brutal for short traders. Coinglass data showed the rally triggered the <span>liquidation<\/span> of $105 million in short bets, compared with $8 million in long bets. Overall, liquidations across the <span>cryptocurrency<\/span> market reached approximately $377 million, with liquidated short bets accounting for $277 million of the total.<\/p>\n<p>Although a third night of strikes by the U.S. military on Iranian targets further pushed up oil prices, markets got a tailwind from the latest <a href=\"https:\/\/news.bitcoin.com\/cool-cpi-print-ignites-market-rebound-as-bitcoin-gold-and-stocks-rip-higher\/\">Consumer Price Index (CPI) data<\/a>, which showed June <span>inflation<\/span> dropping to 3.5% year-over-year. This lower-than-feared <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-inflation\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">inflation<\/a> relieves immediate pressure on the Federal Reserve to keep hiking rates, causing bond yields to ease and stabilizing equity indexes.<\/p>\n<p>However, with the situation in the Middle East continuing to deteriorate, the prospects of <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-inflation\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">inflation<\/a> dropping again in July appear dim. Already, oil prices\u2014one of the key drivers of the May <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-inflation\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">inflation<\/a> surge\u2014have slowly climbed to levels last seen a few weeks before the U.S. and Iran announced a breakthrough in negotiations. As of 2:44 p.m. EDT, Brent crude, which reached $87 a barrel earlier in the day, traded a few cents below $85 a barrel, while the U.S. benchmark, West Texas Intermediate, was just under $80 a barrel.<\/p>\n<p>According to experts, the renewed hostilities sparked by disagreements over the status of the Strait of Hormuz have effectively ended the oversupply narrative and revived fears of a global oil shortage. These shortages are seen as undercutting any lingering hopes for a <a href=\"https:\/\/news.bitcoin.com\/we-do-not-want-to-be-in-the-bailout-business-fed-chair-warns-crypto-is-on-its-own\/\">Federal Reserve<\/a> rate cut. For <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>, the prospects of steeper rate hikes dash any hopes of reclaiming $100,000 by year-end.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/bitcoin-bulls-drive-btc-near-65000-despite-middle-east-strikes-as-shorts-collapse\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Bitcoin spiked past $64,000 on July 14, reversing its losses to hit a fresh multiweek high. Coinglass data showed the surprise crypto surge triggered $277 million in short-bet liquidations. Federal Reserve rate cut hopes fade as conflict near the Strait of Hormuz keeps Brent oil above [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":75409,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75408"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75408"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75409"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}