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Bitcoin breaks through $97,000! Safe-haven assets rotate, gold hits a new all-time high
【Crypto World】Bitcoin’s recent rally is quite intense. Against the backdrop of widespread buying in the stock market and precious metals, BTC surged past $97,000, even wiping out over $100 million in short positions within an hour.
Analysts break down this rally— the underlying logic is that the US economy is performing steadily, coupled with some positive political signals, which boosts market confidence. Although bank earnings reports are mixed and traditional markets like the S&P 500 are still sluggish, this hasn’t dampened the enthusiasm for risk assets.
Interestingly, risk aversion is also on the rise. Silver surged by 6.1%, and gold performed even better, reaching a new high of $4,620 amid geopolitical tensions. This phenomenon actually reflects a contradictory mindset in the market—wanting to bet on an economic recovery while also leaving room for potential risks.