Bitcoin Reclaims $92K, Ethereum Trades Above $3.3K as Market Sentiment Improves

Bitcoin is showing early signs of stabilization again, climbing back above $92,000 as market sentiment recovers following days of heavy volatility. The move higher comes as traders position themselves ahead of major macro catalysts, including the Federal Reserve’s upcoming rate decision and fresh labor data.

Ethereum also joined the rebound, pushing above $3,300, helped by growing optimism around the Fusaka upgrade and a noticeable rise in open interest across derivatives platforms. The bounce in ETH suggests that investors are once again leaning into higher-beta assets after a week dominated by risk-off trading.

Despite the recovery, traders remain cautious. ETF flows have slowed, funding rates are still mixed, and liquidity across major exchanges hasn’t fully returned to pre-pullback levels. But the absence of further aggressive selling over the past 24 hours is giving markets room to breathe — and in crypto, sometimes that’s all it takes for momentum to turn.

With volatility expected to increase around the Fed decision, analysts warn that Bitcoin’s immediate direction still hinges on macro outcomes. But for now, the market’s tone has shifted from panic to tentative optimism, and both BTC and ETH are benefiting from the cooling pressure.