Bitcoin Recovers to $93K as Job Market Freezes and Rate Cut Expectations Drive Market Recovery

U.S. stocks ended higher yesterday (Dec 3) fueled by positive ADP data, suggesting the Fed will likely cut interest rates next week. This boosted Bitcoin’s price to over $93,000 for a short period before falling back slightly. Ethereum also witnessed significant gains, exceeding $3,205 after a 6.08% surge in 24 hours. The market’s recent volatility has subsided as traders anticipate the Federal Reserve’s policy shift and a potential rate cut at its December 10 meeting.