Bitcoin Breaks Through $75,000 as Iran Diplomacy Signals Drive Biggest Crypto Rally Since February

Bitcoin surged past $75,000 for the first time since early February on Tuesday, posting its strongest intraday move in weeks as traders reacted to signals of renewed US-Iran diplomatic contact and covered short positions that had been accumulating around the $73,000 to $75,000 resistance zone. The move triggered approximately $200 million in short liquidations, accelerating the upside momentum in a market that had spent more than a month confined to a narrow range between $68,000 and $75,000. The catalyst was the same Trump statement that briefly lifted equity markets: his claim that Iranian representatives had contacted his administration “to work out a deal.” Whether that contact amounts to a meaningful diplomatic breakthrough or a tactical gesture remains unclear, but the crypto market did not wait for confirmation. Bitcoin climbed 5.9 percent, Ethereum rallied 8.6 percent, XRP gaine