Key Takeaways:

• The crypto market cap hit $2.6 trillion on April 14 as bitcoin reached a session high of $74,959.
• A rally in assets like ethereum and RAVE triggered $540 million in liquidations for short sellers.
• Rising tensions after a U.S. blockade of the Strait of Hormuz may force a reaction from China next.

Bitcoin Leads the Charge

The crypto economy’s market capitalization topped $2.6 trillion early Tuesday, April 14, as both bitcoin and altcoins shrugged off geopolitical tensions to post significant gains. According to daily chart data, the market cap climbed from $2.53 trillion Monday afternoon to $2.607 trillion by 3 a.m. Tuesday, a gain of more than 3%.

Bitcoin drove the rally, extending momentum from Monday. According to…