Bitcoin prices soared above $97,000, breaking through key resistance levels and joining the widespread "risk-on" rally in stocks and precious metals, primarily driven by the stability of the US economy. Over $100 million in short positions were liquidated within an hour. Analysts attribute this rally to political developments and a "just right" economic environment, despite the mixed earnings reports from banks causing declines in traditional markets such as the S&P 500. Meanwhile, the demand for safe-haven assets increased, with silver prices rising by 6.1% and gold reaching a historic high of $4,620 amid geopolitical tensions.
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Bitcoin prices soared above $97,000, breaking through key resistance levels and joining the widespread "risk-on" rally in stocks and precious metals, primarily driven by the stability of the US economy. Over $100 million in short positions were liquidated within an hour. Analysts attribute this rally to political developments and a "just right" economic environment, despite the mixed earnings reports from banks causing declines in traditional markets such as the S&P 500. Meanwhile, the demand for safe-haven assets increased, with silver prices rising by 6.1% and gold reaching a historic high of $4,620 amid geopolitical tensions.