$BTC Brothers, the sudden surge of Bitcoin today is not without reason! As soon as the news of Russia bombing Ukraine came out in the early morning, global funds panicked, and by 4 PM, $3 billion rushed into Bitcoin as a safe haven. It's like everyone scrambling for gold during a war; Bitcoin is now digital gold.
I will analyze three key points for everyone: First, the war news scared large funds, and Bitcoin became a safe haven; second, the price happened to drop to a critical position, forcing shorts to cover; third, the news that the Federal Reserve might cut interest rates also helped.