Photo by Noah Berger
Bitcoin retests $94K with ETF momentum, Fed tailwinds, and Ethereum’s Fusaka upgrade
The surge in Bitcoin and altcoins, driven by institutional interest and technological upgrades, signals a potential shift in market dynamics.
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Bitcoin has snapped back hard from Monday’s dip to $84K, surging past $92K and once again eyeing resistance near the $94K mark. This rally—driven by rising Fed rate cut odds, positive ETF flows, and renewed TradFi interest—is helping turn market mood green across the board. Altcoins are catching a bid too, with double-digit gains in SUI, LINK, and ENA.
Wall Street’s thaw continues: Bank of America will now allow its advisors to recommend a 1%–4% allocation to crypto via spot BTC ETFs, joining BlackRock, Morgan Stanley, and the recently converted Vanguard. Meanwhile, Ethereum is set to activate its Fusaka upgrade later today, prepping the network for high-throughput demands from layer-2 chains.