Bitcoin surged past the $90,000 resistance level during U.S. trading, quickly gaining momentum to exceed $93,000. This increase was driven by strong U.S. demand, as indicated by the Coinbase Premium Index reaching its highest since April. The opening of the U.S. markets coincided with Bitcoin's breakout, suggesting robust buying interest from U.S. investors. Additionally, BlackRock's iShares Bitcoin ETF became one of the most actively traded products, amassing $1.2 billion in volume during the first hour of trading. As of the latest update, Bitcoin's price was around $92,200, reflecting a nearly 7% rise over the past 24 hours. Analyst James Van Straten noted that the net difference between buying and selling trade volumes continues to favor buyers, indicating a potentially sustainable rally. This trend is not based on futures trading but rather strong spot buying, further supporting the price increase.

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