Bitcoin price surges above $95,000, reaching the highest level in over 50 days. Softening US inflation data has eliminated a key macro risk, while the US State Department warning citizens to leave Iran has reignited Bitcoin's appeal as a geopolitical safe haven. The broader cryptocurrency market also rallied, suggesting that the recent sell-off driven by ETFs may be coming to an end, with the potential to break the $100,000 mark again.
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Bitcoin price surges above $95,000, reaching the highest level in over 50 days. Softening US inflation data has eliminated a key macro risk, while the US State Department warning citizens to leave Iran has reignited Bitcoin's appeal as a geopolitical safe haven. The broader cryptocurrency market also rallied, suggesting that the recent sell-off driven by ETFs may be coming to an end, with the potential to break the $100,000 mark again.