Bitcoin Surges to $93,000: Wall Street Drives Crypto Rally Despite Stock Losses

Bitcoin staged a remarkable rally over the weekend, climbing to $93,000 – a gain of seven percent within 24 hours^[2]. The largest cryptocurrency thereby achieved a market capitalization of $1.9 trillion^[1]. Ethereum also climbed back above the symbolically important $3,000 mark, while the entire crypto market gained nearly eight percent^[1].

Wall Street as Rally Driver

Remarkable about the current development is that the crypto market is bucking the trend in US stocks. While the Nasdaq and S&P 500 each lose around one percent, enthusiasm is driven primarily by Wall Street^[1].

A decisive catalyst was Bank of America's announcement that it now recommends cryptocurrencies for every portfolio – specifically investing between one and four percent of portfolios in digital assets^[1]. Even more significant: Vanguard, the world's second-largest asset manager, opened access to crypto ETFs for its 50 million investors^[1].

The result of this development is impressive: IBIT, the most valuable Bitcoin spot ETF, now ranks first among the world's most-purchased ETFs with trading volume of around $70 billion – a near-record value^[1].

Macroeconomic Conditions Favor Bitcoin

The probability of a Federal Reserve rate cut at the next meeting on December 9 or 10 is increasing^[1]. Lower interest rates mean more liquidity in the market, which particularly benefits risk assets like Bitcoin. Simultaneously, Quantitative Tightening was discontinued on December 1, 2025, which also increases money circulation^[1].

Nick Ruck, director at LVRG Research, is optimistic: "As Bitcoin's resilience becomes apparent amid evolving regulatory landscapes and institutional adoption at the end of 2025, we see a compelling path for Bitcoin to reclaim the $100,000 mark in the coming months."^[2] He added that the rise is "driven by macroeconomic tailwinds such as renewed Federal Reserve rate-cutting potential and returning ETF inflows."^[2]

Substantial Undervaluation According to Analyst Models

Particularly revealing is an analysis by Bitwise, which has identified one of the largest valuation gaps in Bitcoin history. According to the company's cointegration model, BTC currently falls short of the global money supply by approximately 66 percent, implying a modeled fair value near $270,000^[3].

This discrepancy stems from massive global liquidity measures: The United States issues nearly $1.9 trillion in government bonds annually, Japan is rolling out an economic stimulus package of $110 billion, Canada has restarted quantitative easing, and China approved a massive fiscal initiative of $1.4 trillion^[3]. Global M2 money supply has reached a record level of $137 trillion^[3].

Critical Support Zone in Focus

CryptoQuant analysts highlighted the zone between $86,000 and $88,000 as a critical support area ahead of the recent rally. "This level withstood sixty tests in recent months without breaking, making breaches particularly significant," explained analyst "Crazzyblockk"^[2]. Trading above this mark indicates reduced selling pressure, while a break below would initiate scenarios for lower prices^[2].