Liquidations Surge as Bitcoin Price Pumps and Dumps on US-Iran Deal Reports

Bitcoin broke out of the weekend slumber, surging to a 12-week peak of just under $80,000 before it was brutally rejected and driven south by roughly two grand in an hour or so. The most obvious reason behind this rather unexpected Monday morning pump came after reports emerged that Iran and the US could be inching closer to a deal. A New Deal? The Kobeissi Letter cited information from Axios, which reads Iran has pr…