#USChinaTensions Today, Bitcoin has broken through a tight trading range and surpassed $87,000. This movement of BTC is directly related to short-term short squeezes and the liquidation of a total of $170 million in short positions over the past 24 hours, which has also stimulated the growth of many altcoins. However, U.S. stock market futures officially opened lower after a long three-day holiday, which could lead to a correction as trading on U.S. exchanges begins.