In crypto news today (June 16), Bitcoin has surged above $66,000, continuing the bullish price action that began over the past weekend amid an incoming peace deal between the US and Iran, slowing ETF outflows, and the Bank of Japan raising interest rates.

Liquidations have picked up, with over $536M over the past 24-hours and $375M of that figure coming from short positions. Liquidations flipping from mostly longs to shorts signal that the market is currently in an uptrend and bears are being punished.

Of the other major caps, ETH and HYPE are standouts, up +4% and +12%, respectively. With bullish price action across the market, trading volume has picked up considerably, reaching $110Bn over the past 24 hours, up from around…