Bitcoin briefly surged above $93,000 in the last few hours of trading on Thursday, amid expectations of further interest rate cuts from the Federal Reserve, providing fresh support for prices alongside President-elect Donald Trump’s pro-crypto stance. The popular digital asset rose nearly 6% to a record high of $93,318, but failed to sustain the rally, now paring gains to record a 5% gain in the last 24 hours to $91,000, as of 11:30 a.m. Riyadh time. On the other hand, Ethereum, the second-largest cryptocurrency by market capitalization after Bitcoin, jumped 1.2% to $3,212. Binance Coin rose about 6% to $648, while Solana rose about 6.3% to $219.