Bitcoin Hits New High as Markets Recover

In a remarkable rally, Bitcoin's price soared by 3.04% to reach $90,189.667 by 9:42 am ET, marking its first breach of the $90,000 threshold since March 7. This surge comes as U.S. stock markets begin to recover from a significant selloff, with investors increasingly turning to cryptocurrencies as alternative assets during times of economic uncertainty.

Ethereum Joins the Rally

Not to be outdone, Ethereum also experienced a substantial increase, climbing 4.14% to $1,645.0698 by 9:43 am ET. This dual surge highlights a growing confidence in digital currencies as viable investment options amidst fluctuating traditional markets.