Bitcoin has surged to a two-month high, climbing above $96,000. This price movement triggered significant liquidations, reportedly exceeding $500 million. The surge also coincided with altcoins outperforming Bitcoin, and a rush by traders to cover their bearish positions. The development marks a notable shift in market dynamics, according to reports.

Bitcoin has surged to a two-month high, climbing above $96,000. This price movement triggered significant liquidations, reportedly exceeding $500 million. The surge also coincided with altcoins outperforming Bitcoin, and a rush by traders to cover their bearish positions. The development marks a notable shift in market dynamics, according to reports.