Bitcoin Ricochets Around $93K at Pivotal Point; Circle, Gemini Lead Crypto Stock Rebound

Cryptocurrency Market - Bitcoin (BTC) rebounded from a dip to $91,800, climbing back to near $93,000, but faces resistance at the 2025 yearly open of $93,400, which is crucial for further upward movement [1] - Ethereum's ether (ETH) reclaimed the $3,100 level, marking a 3.5% increase over the past 24 hours, outperforming Bitcoin's 1% gain during the same period [2] Technology Sector - Microsoft (MSFT) shares experienced a nearly 3% intraday dip after a report indicated a reduction in AI software sales quotas due to slower adoption, but the company later denied any changes, leading to a recovery in its stock price, which ended down 1.5% [3] Crypto-Related Stocks - Crypto-related stocks saw significant gains, with Circle (CRCL) and Gemini (GEMI) both surging nearly 10%, although they remain below their initial public market valuations [4] - Coinbase (COIN), Galaxy Digital (GLXY), and Robinhood (HOOD) each gained about 5%, while most Bitcoin miners also saw increases, led by IREN with a 6% gain [4]