Bitcoin Tops $90,000 for the First Time Since March

In a remarkable turnaround, Bitcoin's price soared by 3.04% to reach $90,189.667 at 9:42 am ET, breaking the $90,000 barrier for the first time since March 7. This surge marks the second consecutive day of significant gains for the leading cryptocurrency.

Ethereum Joins the Rally

Not to be outdone, Ethereum also experienced a substantial increase, climbing by 4.14% to $1,645.0698 at 9:43 am ET. The rally in cryptocurrencies comes as major U.S. stock markets begin to recover from a recent selloff, with investors increasingly turning to alternative assets in the face of ongoing economic uncertainty.