Bitcoin Tops $90,000 as Cryptocurrencies Rally

The cryptocurrency market witnessed a significant uptick on Tuesday, with Bitcoin surpassing the $90,000 mark for the first time since early March. This marks the second consecutive day of gains for the leading digital currency, as investors continue to seek refuge in alternative assets amidst ongoing economic uncertainties.

Market Recovery Fuels Crypto Rally

The surge in Bitcoin and Ethereum prices coincides with a rebound in major U.S. stock markets, recovering from a recent selloff. At 9:42 am ET, Bitcoin was up by 3.04%, trading at $90,189.667, while Ethereum saw a 4.14% increase, reaching $1,645.0698 by 9:43 am ET.