Cryptocurrencies rose broadly as U.S. equities rallied. Bitcoin rebounded to $88,242, gaining 1.84% in the latest trading. Ethereum rose 3.69% to $2,930, while Binance Coin advanced 1.77% to $875 and Ripple surged 4.91% to $1.91.
Bitcoin had previously fallen to around $86,003 before staging a rebound, and the move comes as the broader U.S. stock market rallied. The crypto market appears to be following the risk-on sentiment across financial markets, suggesting improved market confidence amid earlier volatility.
The gains indicate the crypto complex is buoyed by the broader market strength. It underscores how digital assets are tracking traditional equities even as volatility ebbs and flows.
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