Bitcoin Tops $95K for the First Time in Months as Stocks Remain Flat
Summary
Bitcoin surged above $95,000, reaching $95,354, marking a 13% increase over the past week. This rise follows a dip below $75,000 due to trade tariff announcements. Bitcoin's recovery outpaced stocks, with its store-of-value narrative strengthening. New Bitcoin ETFs attracted over $2.6 billion from investors since Monday. Short positions in cryptocurrencies faced liquidations totaling nearly $300 million, with $78 million in Bitcoin shorts. Other cryptocurrencies like Solana, Dogecoin, and Ethereum also saw significant gains, with Solana at $152, Dogecoin above $0.19, and Ethereum at $1,800.
