Bitcoin (BTC) Claims Two-Month High of Over $96,000 on Macro Tailwinds – Bloomberg
Bitcoin pushed to a two-month high, finally joining the rally in risk assets and precious metals after spending weeks stuck in a tight range. The move comes as investors bid up alternative assets, with geopolitics a supporting tailwind.
The original digital asset rose as much as 2.4% to $96,348 early Wednesday in Singapore, its highest intra-day level since Nov. 16. Ether, the second-largest token, surged as much as 5.1%. In options markets, the rally has erased more than half a billion dollars in bearish crypto bets.
