Bitcoin climbs to two-month high of $96,240 as altcoins surge and shorts get squeezed

Bitcoin has surged to a remarkable two-month high, reaching an impressive price of $96,240. This significant increase comes amidst a broader rally in the cryptocurrency market, where various altcoins are also experiencing substantial gains. The upward momentum is further fueled by the squeezing of short positions, forcing traders who bet against Bitcoin to cover their losses, which in turn adds to the overall bullish sentiment in the market. source: https://www.coindesk.com/markets/2026/01/13/bitcoin-climbs-to-two-month-high-of-usd96-240-as-altcoins-surge-and-shorts-get-squeezed