#BTCRebound

Bitcoin soared past the $87,000 mark today after emerging from a narrow trading range. The short-term short squeeze and liquidation of short positions totaling $170 million during the previous day, which also spurred the growth of numerous altcoins, is directly linked to this move by Bitcoin.

However, following a three-day weekend, US stock market futures officially opened lower, which could cause a pullback when trading on US exchanges starts. 📊

The current drop in the price of Bitcoin is probably a normal correction rather than a complete bear cycle, according to CryptoQuant.

China has promised to retaliate against nations that are contemplating trade agreements with the United States that could jeopardize its interests.