Bitcoin Rebounds Above $93,000 as Crypto Outperforms Stocks
Bitcoin (BTC$84,578.75) climbed back to $93,500 Tuesday morning after briefly falling below $90,000 overnight, posting a 1% gain over 24 hours. The rebound comes as U.S. stocks continue to struggle, with the Nasdaq down 1.1% and gold slipping 0.3%.
Altcoins outperformed, with ether (ETH$2,751.02), Solana (SOL), BNB (BNB$827.99), and XRP (XRP$1.9505) up between 2.5% and 4%. While the move is short-term, it offers a glimmer of hope for bulls after months of relative weakness versus traditional markets.
Crypto-related equities also rose. MicroStrategy (MSTR) surged 8.3% following a 30% monthly decline. Bitmine Immersion (BMNR) gained 7%, while Coinbase (COIN), Circle (CRCL), and Bullish (BLSH) advanced roughly 1.5% each.
