BTC taps $80K for the first time in 3 months as $369M in liquidations clear the market

Bitcoin briefly crossed $80,000 overnight — a three-month high — as the MSCI AC Asia Index simultaneously hit a new peak, suggesting macro sentiment is tilting back toward risk assets. Ethereum moved in parallel, gaining 2.86% to $2,367, while total crypto market cap sits at $2.72 trillion with BTC dominance at 58.7%.

The move came with force: over $369 million in liquidations were recorded in the past 24 hours, the bulk of which were likely short positions caught offside by the weekend rally. The Fear & Greed Index remains in Fear territory at 40, meaning the broader market hasn't priced in a trend reversal yet — which historically leaves room for continuation if macro tailwinds hold.

On the funding side, Fun closed a $72M Series A led by Multicoin Capital and Blockstreet secured $43M in an M&A round backed by AI Financial, signalling that institutional capital is still flowing into…