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Trump announces "Freedom Plan" Bitcoin price surpasses $80k
CryptoWorld News: Bitcoin prices broke through $80k on Monday, reaching a four-month high of $80,529. Previously, U.S. President Trump announced the “Freedom Plan,” aimed at helping stranded ships due to the closure of the Strait of Hormuz. Data shows that Bitcoin (BTC) prices rose nearly 3%, surpassing the previous strong resistance level of $80k, and have increased over 20% in the past month. Following Trump’s release of the “Freedom Plan” via Truth Social, Bitcoin prices surged quickly. The plan aims to safely guide foreign ships through restricted waters. Although the U.S. frames it as humanitarian, Iranian officials warned that any U.S. intervention would be seen as an infringement on a fragile ceasefire and could provoke a strong response. Additionally, Trump stated that his representatives are engaging in “very positive” discussions with Iran, which may help ease tensions in the Middle East. As Bitcoin prices rose, forced liquidations of short traders were triggered. Data shows that over $160 million worth of Bitcoin shorts were liquidated, leading to over $300 million in total crypto market liquidations.