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Bitcoin Tops $95K, Analysts Warn Market Is 'Blind' to Risks
Bitcoin rose 1% to $95,400, nearing $96K for the first time since February, while the CoinDesk 20 index gained 1.1%, led by a 6.3% surge in Bitcoin Cash. Crypto stocks like Coinbase and MicroStrategy saw modest gains, and Janover jumped 16% due to its SOL strategy.
U.S. stocks also climbed, with S&P 500 and Nasdaq up 0.55%, despite weak economic data—consumer confidence hit a four-year low and job openings fell short of expectations.
Analysts raised concerns that markets are ignoring the broader impact of Trump-era tariffs. Bitwise’s Jeff Park warned that a Fed rate cut won’t matter if U.S. credit credibility is damaged due to dollar weaponization.
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