Bitcoin Surges Past $90K, But Experts Remain Cautious

Bitcoin surges past ninety thousand dollars after a low of eighty-one thousand dollars, but financial experts remain cautious. The S&P five hundred and Nasdaq Composite show strong gains, driven by expectations of a December interest rate cut. However, the usual correlation between Bitcoin and the Nasdaq has weakened. Bitcoin is still down thirty percent from its all-time high, and strategists suggest that Fed communication, not just a rate cut, will impact Bitcoins direction. Analysts warn of potential retests and drops below eighty thousand dollars, with strong support in the sixty-five to seventy thousand dollar range.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.