Two reasons. 1. Expectation of a decrease in the interest rate by the Federal Reserve. 2. People have started using Bitcoin as a safe-haven asset.

#BTC Can someone explain how this is possible? In the world, two countries with nuclear weapons start a new war at night, and within a few hours, Bitcoin rises to 96,500! How is that? I have only one explanation - China and India and other Asian countries (with a combined population of 5 billion people out of 8 billion on the planet) just haven't woken up yet and haven't started a new sell-off. I'm waiting for Bitcoin to move into the 90k-92k zone, and for red candles in altcoins. Moreover, a huge number of unliquidated long positions have accumulated there. Meanwhile, short positions have been well trimmed today.