Bitcoin Holds Above $92,000 as Asia Stocks Rise Following S&P 500 Record Close
Bitcoin traded above $92,000 on Friday as Asian equity markets advanced after the S&P 500 notched a record close, while crypto gains stayed constrained by heavy long liquidations. Market analysts pointed to over $220M in long positions being wiped out and noted that recent US spot Bitcoin ETF inflows and ETH/BTC strength are shaping risk appetite as investors reassess Federal Reserve rate-cut expectations.