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Bitcoin surged from around $90,000 to nearly $94,000 in a rapid increase, gaining over $3,000 within an hour and rising 4% in 24 hours. Ethereum also rose by 5%, while ADA and Chainlink saw even larger gains. Despite a drop in stock prices, crypto assets followed Bitcoin’s upward trend, with companies like Galaxy and CleanSpark experiencing over 10% growth. Analysts noted a protective position in crypto derivatives markets, possibly indicating reduced selling pressure. The positive shift in Bitcoin’s premium on Coinbase suggests a resurgence of interest from American investors amid expectations of a Federal Reserve interest rate cut.

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