Bitcoin rebounds to $93,000, altcoins under pressure

Sliding to $89,000 after the U.S. central bank’s Wednesday rate cut, bitcoin recently was trading at $93,000, up marginally over the past 24 hours

Bitcoin (BTC) clawed back to $93,000 on Thursday as traders digested the U.S. central bank decision, but altcoins mostly didn’t join in the bounce.

Sliding to $89,000 after the central bank’s Wednesday rate cut and a sharply lower open for U.S. stocks, bitcoin recently was trading at $93,000, up marginally over the past 24 hours.

Altcoins mostly held onto their early losses, with Cardano’s ADA (ADA) and Avalanche’s AVAX (AVAX) leading declines, down 6%-7%. Ether (ETH) was 3% lower on the day, holding above $3,200.

Bitcoin’s late-day bounce came alongside similar action in U.S. stocks, with the Nasdaq managing to close down just 0.25% after being as much as 1.5% lower. The S&P 500 closed modestly in the green and the DJIA added 1.3%.

The day’s standout rally came from precious metals, with silver soaring 5% to a new all-time high of $64 per ounce and gold jumping more than 1% to near $4,300. The gain was helped by the U.S. dollar index (DXY) dropping to its weakest since mid-October.

Crypto exchange Gemini stood out among crypto stocks, adding more than 30% on news of obtaining regulatory approval to offer prediction markets in the U.S.

Jasper De Maere, desk strategist at trading firm Wintermute, said Thursday’s action reinforced crypto’s growing decoupling from equities, especially around macro catalysts.

Only 18% of the past year’s sessions have seen BTC outperform the Nasdaq on macro days,” he noted. “Yesterday fit that pattern: equities rallied while crypto sold off, suggesting the rate cut was fully priced and that marginal easing is no longer providing support, he said.

De Maere added that early signs of stagflation concerns are emerging into the first half of 2026, and markets are beginning to shift focus from central bank policy toward U.S. crypto regulation as the next major driver.