On Tuesday evening at approximately 5:45 p.m. ET, bitcoin (BTC) dazzled traders by hitting an intraday peak of $93,928. The flagship cryptocurrency, reigning supreme by market cap, has climbed 6.5% against the greenback and an impressive 10.3% in just the past week. This leap beyond the $90,000 threshold marks its first return to such heights since March. The crypto asset’s charts now gleam with bullish signals: Bitcoin has not only vaulted above crucial moving averages (MAs) but also etched a “golden cross” into its trajectory—a classic harbinger of upward momentum.
Trading volumes have swelled, mirroring a market rekindled with confidence. Meanwhile, BTC is increasingly dancing to its own rhythm, distancing itself from traditional finance (TradFi) equities as investors flock to its perceived stability amid global political and economic turbulence. A potent cocktail of factors—waning dollar strength, institutional capital pouring in, favorable chart patterns, and a palpable shift in market psychology—has fueled bitcoin’s electrifying rally at the start of this week.
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