Bitcoin surpasses $95,000, driven by a relaxation of American inflation and a return of risk appetite for crypto assets and stocks.
A macro relaxation that frees the market
The crypto market has abruptly shifted gears. Bitcoin has crossed the $95,000 mark, boosted by a resurgence of macroeconomic optimism and a significant revival of risk appetite. In its wake, ETH, SOL, and DOGE have recorded spectacular performances, with increases ranging between 7% and 9% in just 24 hours.
The trigger came from the United States. The latest inflation data reassured the markets, strengthening the scenario of a more accommodating monetary environment in 2026. Pressure on bond yields has eased, improving overall liquidity conditions. This historically favorable cocktail has been beneficial to risky assets, especially cryptocurrencies.
In this context, Bitcoin has risen by more than 4%, returning to the top of its January range after a period of consolidation. ETH has outperformed, surpassing a 7% increase around $3,300, while SOL, DOGE, XRP, and BNB have shown gains of up to 9%.
The Fed under pressure, the dollar under strain
In addition to the inflation factor, an explosive political element has emerged. Growing tensions surrounding the Federal Reserve, particularly after reports of legal pressure on the institution, have weakened the dollar. This lack of trust in central banks has reignited interest in so-called non-sovereign assets.
The narrative is well known in the crypto markets: when the credibility or independence of monetary authorities is questioned, Bitcoin could once again become an alternative safe haven in the eyes of some investors. The current sequence is working, even if it’s not always the case.
A massive short squeeze on derivatives
The intensity of the movement is also explained by the market structure. Traders were heavily positioned to the downside before the inflation figures were released. When prices began to accelerate, liquidations followed.
In less than 24 hours, over $688 million of derivatives positions were liquidated, with approximately $603 million coming from shorts. Nearly 122,000 traders were forcefully exited, with an individual liquidation of nearly $13 million on an ETH-to-dollar contract.
This imbalance highlights how sentiment had turned in the short term. The market punished a too pessimistic reading of the macro context, fueling a self-reinforcing movement typical of rapid rally phases.
A generalized “risk-on” climate
Traditional markets have confirmed this shift. Asian stocks have hit new records, silver has surpassed $90 per ounce for the first time, and gold is trading within points of its historical peaks.
These signals converge towards the same interpretation: investors are looking to reposition themselves in assets benefiting from financial easing and underlying monetary instability.
A stronger, but more nervous market
With Bitcoin now near levels that have triggered sharp sell-offs in the past, caution is warranted. Derivatives data shows that leverage is quickly building up again, opening the door to increased volatility in the coming days.
For now, the message is clear: crypto has reclaimed leadership in a more favorable macro environment. But at these levels, each new economic figure or political statement could be enough to reignite movements just as violent, in either direction.
