Bitcoin surged to highs above $71,000 Monday morning, as U.S. President Donald Trump announced the postponement of planned strikes against Iranian power plants.
Bitcoin is currently trading at around $70,000, up 2.5% on the day, after reaching an intraday high of $71,224, per CoinGecko data, though it remains down on the week by some 5%.
Per CoinGlass, some $791 million in leveraged positions have been wiped out across the crypto market, $425 million of which were longs.
In a post on Truth Soci...