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Bitcoin surged past $102,000 after a brief dip below $101,000, fueled by increased trading volume. The rebound followed a post by James Lavish, Managing Partner of the Bitcoin Opportunity Fund, emphasizing Bitcoin's value even amidst geopolitical uncertainty. The price had been range-bound between $100,000 and $110,000 for about a month, with on-chain metrics suggesting a balanced market and derivatives data indicating cautious sentiment.

Prepared by Christopher Adams and reviewed by editorial team.