Bitcoin soared above $95,000 for the first time in two months, recently trading at $95,354, a nearly 2% increase within a 24-hour period. Earlier in April, Bitcoin was valued under $75,000, but it has experienced a significant rise of almost 13% over the past week. This increase marks its highest price since February 24. Bitcoin's resurgence comes amidst an overall flat stock market, following optimistic trends after U.S. President Trump's proposed trade tariffs. As for altcoins, while the wider cryptocurrency market saw fluctuations, Bitcoin stood out with its marked recovery, reflecting a different behavior compared to traditional stocks. With major players like Ethereum and Solana also showing movement, the cryptocurrency landscape suggests a positive trend in investor confidence. Notably, over $78 million in short positions on Bitcoin underscore a dynamic trading environment, where speculators were betting against its price rise but have faced recent losses as Bitcoin surged.

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