Short Squeeze Sparks Crypto Rally: Bitcoin Eyes $120K as Institutions Pile In
The price of Bitcoin reached another significant milestone due to a calmer geopolitical context, soaring above $110,000 for the first time in two weeks. But this gain doesn't seem to be a simple technical rebound: it rather looks like something substantially more bullish might be afoot in the crypto market. Relations between the U.S. and China are definitely turbulent, but some recent easing seems to have restored enough confidence in markets overall for the crypto bubble to reinflate.