Bitcoin Smashes Through $96K—First Time Since February’s Bloodbath
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BTC bulls are back in charge as the king of crypto reclaims ground lost during February’s brutal correction. The surge past $96k signals renewed institutional FOMO—just in time for Wall Street’s usual ’sell in May’ theatrics.
Analysts point to spot ETF inflows and a weakening dollar as key drivers, though skeptics note the rally conveniently ignores the Fed’s balance sheet still being $7 trillion overweight. Classic crypto: pricing in hyperbitcoinization while ignoring the elephant in the room.
One thing’s certain: the ’uncorrelated asset’ narrative gets harder to sell when BTC moves in lockstep with the S&P 500’s liquidity waves. But try telling that to the diamond hands stacking sats between martini lunches.
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