Bitcoin Nears $93K After 10% Two-Day Rally; Crypto Stocks Climb
Bitcoin rebounded from an early dip to $91,800 on Wednesday and approached $93,000, following a rapid 10% gain over two days. The cryptocurrency is now testing resistance near the 2025 yearly open at $93,400, a level bulls must reclaim to sustain the rally.
Ethereum also advanced, reclaiming $3,100 and reaching a two-week high, up 3.5% over 24 hours—outpacing bitcoin’s roughly 1% gain.
Markets briefly faltered after The Information reported that Microsoft (MSFT) had lowered AI software sales quotas amid slower adoption. Shares dropped nearly 3%, pulling the Nasdaq into negative territory, though Microsoft later denied the claims.
Crypto Stocks Extend Gains
Crypto equities continued higher, led by Circle (CRCL) and Gemini (GEMI), each up nearly 10%. Coinbase (COIN), Galaxy Digital (GLXY), and Robinhood (HOOD) gained around 5%, while bitcoin miners rose across the board, led by IREN with a 6% increase.
