Breakthrough 90,000! Bitcoin surges strongly, propelled by two major engines 🚀

Bitcoin has just forcefully broken through the 90,000 USD mark, experiencing a significant rise. Behind this wave of market activity, there are two important market dynamics worth noting:

1. Tonight, the three major US stock indices opened higher collectively, with technology stocks generally rising, and market sentiment warming up. The Dow Jones increased by 0.28%, the S&P 500 index rose by 0.30%, and the Nasdaq climbed by 0.42%.

Cryptocurrency concept stocks rebounded, with Coinbase rising over 2% and Strategy increasing over 3%.

2. According to Caixin, the latest forecast from Bank of America Global Research indicates that the Federal Reserve will cut interest rates by 25 basis points at the December meeting, citing weak conditions in the US labor market, and recent statements from policymakers suggest an early rate cut. Combined with the likely dovish style of the new Federal Reserve Chairman, market sentiment has shown significant improvement.