The post Surges Above $91K as ETH, XRP, SOL Rebound appeared on BitcoinEthereumNews.com. Bitcoin BTC$93,048.59 surged back above $90,000 during Tuesday’s U.S. morning hours, erasing most of its steep plunge from Sunday to Monday to below $84,000. The largest cryptocurrency was recently trading at $91,180, up 8% over the past 24 hours, helping lifting the broader digital asset markets. Ethereum’s ether ETH$3,055.24 bounced above $3,000, gaining 9% during the same period. Large-cap altcoins also followed the advance: XRP$2.1886, Solana’s SOL SOL$141.45, DOGE$0.1483 were up 7%–10%, recovering from their recent lows. The gains occurred as $11 trillion asset management giant Vanguard dropped its longstanding fatwa against crypto and will now allow its clients to have access to digital asset ETFs. Alongside, Bank of America has given the okay for its wealth managers to recommend a 1%-4% allocation to the spot bitcoin ETFs. Japan yield shock could hit bitcoin hard, analyst warns Mark Connors, founder and chief macro strategist of bitcoin investment advisory Risk Dimensions and former global head of risk advisory at Credit Suisse warns that a rise in Japan’s 10-year yield could pull capital away from global markets, with crypto — especially bitcoin — being hit hardest due to its proximity to Asian capital flows and exposure to leverage. Binance, which handles nearly half of all crypto volume and allows leverage of up to 50x, is particularly vulnerable to yen and yuan volatility. Connors also pointed out that bitcoin appears to be leading the S&P 500 lower. That pattern could continue until both the Federal Reserve and Bank of Japan hold their policy meetings later this month. If markets weaken further, he expects some form of intervention, as has often happened during periods of stress in recent years. Still, not all signals point to weakness. Jasper De Maere, desk strategist at Wintermute, said bitcoin derivatives show a “clear lean toward bullish, short-vol behaviour.”… The post Surges Above $91K as ETH, XRP, SOL Rebound appeared on BitcoinEthereumNews.com. Bitcoin BTC$93,048.59 surged back above $90,000 during Tuesday’s U.S. morning hours, erasing most of its steep plunge from Sunday to Monday to below $84,000. The largest cryptocurrency was recently trading at $91,180, up 8% over the past 24 hours, helping lifting the broader digital asset markets. Ethereum’s ether ETH$3,055.24 bounced above $3,000, gaining 9% during the same period. Large-cap altcoins also followed the advance: XRP$2.1886, Solana’s SOL SOL$141.45, DOGE$0.1483 were up 7%–10%, recovering from their recent lows. The gains occurred as $11 trillion asset management giant Vanguard dropped its longstanding fatwa against crypto and will now allow its clients to have access to digital asset ETFs. Alongside, Bank of America has given the okay for its wealth managers to recommend a 1%-4% allocation to the spot bitcoin ETFs. Japan yield shock could hit bitcoin hard, analyst warns Mark Connors, founder and chief macro strategist of bitcoin investment advisory Risk Dimensions and former global head of risk advisory at Credit Suisse warns that a rise in Japan’s 10-year yield could pull capital away from global markets, with crypto — especially bitcoin — being hit hardest due to its proximity to Asian capital flows and exposure to leverage. Binance, which handles nearly half of all crypto volume and allows leverage of up to 50x, is particularly vulnerable to yen and yuan volatility. Connors also pointed out that bitcoin appears to be leading the S&P 500 lower. That pattern could continue until both the Federal Reserve and Bank of Japan hold their policy meetings later this month. If markets weaken further, he expects some form of intervention, as has often happened during periods of stress in recent years. Still, not all signals point to weakness. Jasper De Maere, desk strategist at Wintermute, said bitcoin derivatives show a “clear lean toward bullish, short-vol behaviour.”…