Bitcoin Surges to $94K One Day Ahead of Expected Fed Rate Cut
The change from what's become typical bearish U.S. session action could signal seller exhaustion.
What started as a slow U.S. morning on crypto markets has taken a quick turn, with bitcoin (
$BTC ) re-taking the $94,000 level.
Hovering just above $90,000 earlier in the day, the largest crypto surged back to $94,000 minutes after 16:00 UTC, gaining more than $3,000 in less than an hour and up 4% over the past 24 hours.
Ethereum's (
$ETH ) jumped 5% during the same period, while native tokens of (
$ADA ) and Chainlink ( $LINK ) climbe