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Bitcoin hits a two-month high, driven by macroeconomic positive factors boosting the crypto market recovery
Bitcoin continued its steady upward trend in January, breaking through key resistance levels to reach a two-month high, with geopolitical turmoil further highlighting its safe-haven value.
On Wednesday morning in Singapore, Bitcoin surged by 2.4% in the short term, with the price briefly reaching $96,348, a high not seen since November 16; Ethereum also strengthened simultaneously, with intraday gains soaring to 5.1%, driving the crypto sector to heat up collectively.
Global geopolitical uncertainties and the shift in monetary policy expectations of major economies jointly support this rise in digital assets, and market sentiment has also turned optimistic.