Bitcoin Surpasses $95,000 for the First Time Since February

Bitcoin surpasses $95,000 for the first time since February, recovering from a dip earlier this month. Stocks remain flat, but Bitcoin’s surge is attributed to positive investor sentiment post-tariff news and new ETFs attracting significant funds. Other major cryptocurrencies are also showing gains at this time.

Bitcoin has climbed above $95,000 for the first time in several months, a notable increase considering it was valued at less than $75,000 just earlier this month. CoinGecko reports that Bitcoin is currently priced at $95,354 after a 24-hour rally of nearly 2%, and over the past week, it has surged close to 13%. Notably, it reached a peak of $95,563 on Friday — marking the highest point since February 24.

The cryptocurrency’s resurgence follows a rocky start to April, when it dropped amid President Trump’s announcement of proposed global trade tariffs. This led to a dip in the stock market and other riskier investments. Analyst Carlos Guzman from GSR Research pointed out that the crypto market’s recent behaviour is diverging from traditional stocks. Investors are returning, believing the worst of the tariff news has passed, and this bolsters Bitcoin’s image as a reliable store of value.

This renewed interest is reflected in the activity around newly launched Bitcoin ETFs, which have attracted over $2.6 billion from optimistic investors since Monday, according to Farside Investors. The spike in Bitcoin’s value has forced many short positions to close in a significant market shake-up. CoinGlass data indicates that approximately $300 million in positions were liquidated in the past day, with investors betting against Bitcoin losing the most — roughly $193 million worth of positions were short sales, with almost $78 million specifically related to Bitcoin.

Other prominent cryptocurrencies have also experienced gains, as Solana trades at about $152, Dogecoin rises above $0.19, and Ethereum sits at $1,800, the latter holding its position as the second-largest asset in the crypto space. This bullish trend across the market is certainly worth keeping an eye on.