Bitcoin Surges to $93K Following Fed Rate Cut, Altcoins Decline

2025-12-12 05:35

Bitcoin surged to $93,000 on Thursday following a Federal Reserve rate cut, marking a significant rebound for the leading cryptocurrency. Despite Bitcoin's rise, major altcoins such as Cardano (ADA) and Avalanche (AVAX) experienced declines of 6% to 7%, while Ethereum (ETH) fell by 3%. In the broader market, U.S. stocks showed mixed results, but crypto-related stocks like Gemini saw a substantial increase, rising over 30% after receiving regulatory approval. Analysts note a growing divergence between Bitcoin and equities, with Bitcoin's price showing signs of stabilization.

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