Markets

As Wall Street turns bullish and September anxieties fade, Bitcoin rises over six percent to near eighty-six thousand dollars. Analysts debate whether the cryptocurrency will maintain its correlation with the broader stock market rally.

XRP advanced toward $1.50 as daily token deposits on Binance surged by 663%. Despite the massive influx, exchange reserves remained stable with almost no selling, while whale investors aggressively accumulated billions of tokens.

Cryptocurrency analyst Benjamin Cowen admitted his bearish prediction failed after Bitcoin surpassed $85,000 and triggered a massive short squeeze, invalidating his expectations of an October market bottom.