Bitcoin's price has surged to over $92,000, driven by expectations of a Federal Reserve interest rate cut. Analysts predict an 88% chance of a 0.25% rate reduction, which could enhance Bitcoin's appeal over traditional assets like US Treasuries. DeFi Technologies president Andrew Forson highlighted that such a cut would lower the perceived risk of digital assets. Additionally, Bitcoin ETFs experienced $152 million in inflows on Tuesday, further supporting the cryptocurrency's upward momentum. Research suggests Bitcoin could reach $220,000 by next year, following historical trends.