Bitcoin surged back above the $93,000 mark on Wednesday, recovering from Monday’s steep drop near $84,000, as investors drew confidence from positive regulatory developments in the U.S. and increasing hopes for a near-term interest rate cut. The world’s largest cryptocurrency last traded 7.2% higher at $93,101.6 by 02:19 ET (07:19 GMT). The rebound comes after a bruising start to the week when bitcoin briefly dipped below $85,000 -- marking a roughly 33% slide since its early-October record highs above $126,000.
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