Bitcoin Surges Past ₹92,000 as Altcoins Rally on ETF Volumes and Trump Rate-Cut Signals
Technology
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CNBC Awaaz•03/12/2025
Bitcoin Surges Past ₹92,000 as Altcoins Rally on ETF Volumes and Trump Rate-Cut Signals
- •Bitcoin surged above ₹92,000, recovering recent declines.
- •Major altcoins like Ethereum, XRP, Solana, and Dogecoin also saw sharp increases.
- •Smaller coins experienced significant gains, with Pudgy Penguins rising 27.88%.
- •Record ETF volumes and massive liquidations of shorts contributed to the rally.
- •Positive signals from the US, including rate-cutting pressure from President Trump, boosted market sentiment.
Why it matters: This matters because surging Bitcoin and altcoin prices can rapidly shift global investment trends.
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