Bitcoin Reclaims $92K as Fed Rate-Cut Hopes Lift Crypto – But Is the Return of Confidence Enough?
Bitcoin climbed above $92,000 during Monday’s Asia session as traders anticipated a Federal Reserve rate cut. The total crypto market cap rose 2.2% to about $3.2 trillion, with 90 of the top 100 coins in the green. Bitcoin ETFs saw $352 million in inflows last week, while short-Bitcoin funds posted their largest outflows since March. Despite the rebound, Bitcoin remains down over 10% for the month.