Bitcoin Recovers to $93K as Altcoins Lag Behind

Bitcoin traders faced another rollercoaster week following the Fed’s rate cut on Wednesday. The cryptocurrency plunged from $94,330 to $89,000 before rallying back to $93,000. Altcoins, meanwhile, didn’t get the memo. Cardano’s ADA and Avalanche’s AVAX dropped 6-7%, while Bitcoin shrugged off the Fed’s 25-basis-point cut like it was a minor inconvenience. The Fed’s widely anticipated rate cut, meant to boost risk assets, turned into a classic case of "buy the rumor, sell the news." Analysts noted the move was already baked into market expectations, leaving crypto traders shrugging and reaching for stronger coffee. The brief rally faded as investors realized lower borrowing costs alone couldn’t erase crypto winter’s chill. Bitcoin’s late-day bounce mirrored traditional markets, with the Nasdaq trimming losses. This sparked fresh debates about crypto’s growing independence from equities—only 18% of recent macro trading days saw Bitcoin outperform the tech-heavy index. Emerging concerns about 2026 stagflation also kept traders on edge, shifting focus from Fed policy to regulatory clarity. Because obviously, what crypto needs is more government involvement—"said no one ever, but here we are." Analytics firms highlighted weakening selling pressure, with the second wave of dumps losing steam. It’s like watching a boxer in the late rounds: still standing, but definitely feeling the punches.