Bitcoin's price surged above $97,000, driven by strong earnings from Microsoft and Meta, which boosted confidence in the stock market. These companies reported profits that exceeded analyst expectations, suggesting that ongoing economic challenges, including U.S. tariffs under President Trump, are not severely impacting major tech players. As Bitcoin was trading around $96,600—a 2.7% increase—other cryptocurrencies like Ethereum and Dogecoin also saw gains. Analysts, including Steven Lubka from Swan Bitcoin, highlighted a 'risk-on' sentiment among investors, suggesting that Bitcoin could thrive in both worsening economic conditions or if tariff issues are resolved. The cryptocurrency has strengthened against stocks in the 'Magnificent Seven,' a group of influential tech firms on the Nasdaq.

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