Bitcoin Touches $93,000 As Ethereum And Dogecoin Climb On Liquidity And Risk-On Flows
Bitcoin, Ethereum, and Dogecoin are rallying, with Bitcoin briefly reaching $93,000 and trading around $92,400. The move is being linked to improving risk appetite amid U.S.-Venezuela tensions, expanding U.S. M2 money supply at $22.4 trillion, and rising federal debt at $38.6 trillion. Analysts also point to the Federal Reserve's Reserve Management Purchases, renewed Bitcoin ETF inflows, and a thinning sell wall above $95,000 as factors supporting further upside.