Bitcoin Surges Past $90,000 Amid Positive U.S. Market Session

Bitcoin Surpasses $90,000 Amid U.S. Market Rally

The cryptocurrency market is experiencing a notable upswing, with Bitcoin trading above $90,000, marking a 2.5% increase over the past 24 hours. This rise coincides with positive movements in U.S. markets, a stark contrast to last year's frequent sell-offs during American trading hours.

Ethereum (ETH) has also seen a rise, reaching $3,023.68, while Solana (SOL) and XRP are witnessing gains nearing 4%.

Broader Market Trends

U.S. markets are buoyant, with the Nasdaq up 0.6%, driven by AI-related chipmakers like Nvidia and Intel, which have recorded 3%-6% gains. Commodities are also on the rise, with silver up 3%, and both gold and copper showing modest increases.

Impact on Related Industries

Companies pivoting from Bitcoin mining to AI infrastructure, such as Hut 8 (HUT) and CleanSpark (CLSK), are seeing significant gains of 10%. Cipher Mining (CIFR) and IREN are up by 8%. Meanwhile, Strategy (MSTR) and Coinbase (COIN) have each advanced by more than 3%, with Galaxy Digital (GLXY) and Circle Financial (CRCL) rising by 7% and 4.5%, respectively.