Bitcoin Rebounds Above $92,000 as Bank of America Endorses Crypto Allocations
Bitcoin surged past $92,000 on Wednesday, rebounding sharply from Monday’s flash crash as Bank of America became the latest major financial institution to recommend cryptocurrency allocations for wealth management clients.
The largest cryptocurrency gained over 7% in 24 hours to trade around $92,690 as of publication time, per Coinmarketcap data, marking its strongest daily performance since April. Ethereum rose 8% to $3,023, while Solana jumped 10% to $140. Total cryptocurrency market capitalization climbed 6.2% to $3.13 trillion, recovering roughly $190 billion from Monday’s lows.
Despite the recovery Wednesday morning, Bitcoin remains roughly 26% below its October 2025 all-time high above $126,270.
The rebound comes as Bank of…
