Bitcoin Breaks $95,000 Barrier as QCP Flags Catch-Up Rally with Stocks and Gold
Bitcoin climbed above the $95,000 resistance level and briefly traded near $97,000 on Wednesday, with more than $100 million in short positions wiped out in one hour. QCP Capital links the move to a broader risk-on backdrop supported by stable U.S. inflation, Trump's pro-market agenda, and record-breaking gains in gold and other metals, while ongoing political turmoil and dollar weakness still cloud the outlook for sustained upside.