Bitcoin nears $93K as geopolitical tensions spark crypto rally and ETF surge
Bitcoin surged toward $93, with the stock market today rally following comments from former US President Trump about potential military action against Colombia and Mexico. Investors turned to Bitcoin as a hedge, pushing its bitcoin price up by about 1% over 24 hours and nearly 3% over the week. Ether also recorded gains during the same period. Bitcoin ETFs saw significant activity, with $645.8 million flowing into liquidity reserves on Monday, marking a clear return of institutional interest in the stock market. Meanwhile, the derivatives market experienced $260 million in liquidations within a single day, with short positions accounting for $200 million of that total. Other major cryptocurrencies also performed well, with XRP climbing by 3% and Dogecoin leading the pack with a 17% weekly increase, outpacing most of its peers. The price movement reflects both geopolitical uncertainty and renewed confidence from large-scale investors. With Bitcoin breaking key resistance levels, analysts now watch for sustained momentum in the days ahead. The surge in ETF inflows and short liquidations further reinforces the market’s current upward trend.
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