TREE NEWS reports: Bitcoin rose about 7% on Monday, briefly trading above $97,000 for the first time since late January. The coin climbed 6.97% over 24 hours to $80,587.88 after a short squeeze higher at 16:00 Beijing time, peaking at $87,381.02 and approaching January’s highs. Ether gained 5.96% to $2,776.94, touching $2,806.925 after US market hours.
Bitcoin Jumps 7% to Top $97,000 for First Time Since Late January
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AI take
The move looks driven by positioning rather than fresh fundamentals: a short squeeze at a fixed hour, with the headline peak and the quoted 24-hour level sitting far apart, suggests thin liquidity amplifying the candle. That matters for leveraged traders on both sides, since squeeze-driven rallies can unwind as quickly as they start. The open question is whether ether's parallel gain holds alongside bitcoin or fades once the forced buying ends.
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