Bitcoin tests $78,000 resistance as short-squeeze risks mount, altcoins rally

BTC hovers at key $78,000 level with $180 million liquidations at stake, while altcoins and memecoins surge as risk-on sentiment returns. What to know : Bitcoin is battling the $78,000 level of resistance with $180 million in short liquidations above and $71 million in longs at risk below $77,300. Broader risk sentiment improved after Trump extended the Iran ceasefire, lifting equities and supporting crypto markets. Altcoins outperformed with memecoins leading gains, while Aave lending demand pushed the CoinDesk overnight rate to 15%.(Coindesk)