Why Is Crypto Up Today? Bitcoin Breaks $97K Amid U.S. Tariff Shift
Bitcoin hits $97,469 with $55M in shorts liquidated, driven by trade policy shifts and New Hampshire's crypto treasury approval.
Altcoins follow BTC's lead as trading volume spikes 27%, with meme coins and small caps posting double-digit gains.
The crypto market is witnessing a powerful breakout as Bitcoin crosses the $97,000 mark, fueling a broad-based rally across digital assets. In the past 24 hours, the global crypto market cap surged by 1.64% to $2.98 trillion, driven primarily by bullish momentum in Bitcoin and Ethereum.
Bitcoin exploded by over $3,500 within hours to hit $97,469, triggering $55 million in short liquidations. The surge was backed by $24.27 billion in trading volume, with Bitcoin now commanding 64% of the total market dominance. Its Relative Strength Index (RSI) remains at a healthy 66, indicating strong buyer.
