The world’s largest cryptocurrency last traded 0.1% higher at $92,672.0
Bitcoin was little changed on Thursday after rebounding to the $93,000 mark in the previous session, underpinned by positive regulatory developments and expectations of a U.S. central bank rate cut next week.
The world’s largest cryptocurrency last traded 0.1% higher at $92,672.0 by 14:44 GMT.
The stability comes after a bruising sell-off earlier in the week that dragged the world’s largest cryptocurrency near the $84,000 level.
The rebound was also supported by positive regulatory developments in the U.S. Comments from U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins – signalling that the agency plans to introduce an “innovation exemption” tailored to digital-asset firms – helped restore investor confidence in the broader crypto regulatory framework.
At the same time, asset manager Vanguard has reversed its previous ban on crypto-related exchange-traded funds (ETFs), now allowing its clients to trade third-party crypto ETFs and mutual funds on its brokerage platform.
That move has drawn new institutional interest and reinforced expectations of renewed capital inflows into Bitcoin.
Growing expectations that the U.S. central bank will cut interest rates at its upcoming meeting next week also gave a boost to risk assets, including Bitcoin.
Additionally, liquidity conditions have improved after the U.S. central bank ended its quantitative tightening program on Dec. 1 and resumed large-scale repurchase operations, injecting fresh cash into the financial system.
The big swing from sub-$84,000 to above $93,000 reflects a fragile market structure, with forced short liquidations exacerbating volatility.
Ripple CEO Brad Garlinghouse offered a bullish outlook for Bitcoin at Binance Blockchain Week, telling attendees he sees the cryptocurrency jumping to $180,000 by the end of 2026.
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