#MarketRebound

Bitcoin has bounced back above $95,000 following significant volatility over the past four trading sessions. The cryptocurrency hit an intraday low of $90,770 on Wednesday but has since rallied, driven by positive developments in the U.S. regulatory landscape and favorable market sentiment.

As of 12:19 PM, Bitcoin was trading 2.6% higher at $95,550, while Ethereum, the second-largest cryptocurrency, surged 4.9% to $3,596.

A key driver of the rally was news that President-elect Donald Trump’s transition team interviewed Paul Atkins, a pro-crypto advocate, as a candidate to replace Gary Gensler as SEC Chair. Trump’s crypto-friendly stance, coupled with reports of his team considering former CFTC Chair Chris Giancarlo for a "Crypto Czar" role, has buoyed market optimism.