Bitcoin recently crossed the $94,000 mark following a major investment by Strategy, although the overall sentiment among investors remains cautious even after the anticipated interest rate cut by the US Federal Reserve.

The value surged to a weekly peak of $94,330, thanks to an acquisition worth $962 million by Strategy, marking its largest investment since July 2025.

After the Federal Reserve’s decision to reduce interest rates by 25 basis points, cryptocurrency markets experienced a brief uptick. Lower rates generally foster a greater appetite for risk, potentially leading to increased investment in asset classes like cryptocurrencies.

However, this positive momentum was short-lived, as many analysts noted that the rate cut was largely anticipated and already factored into market prices. Jeff Ko, CoinEx’s chief analyst, remarked that investor enthusiasm appeared diminished.

Despite these headwinds, expert opinions suggest that significant developments—such as the growing availability of cryptocurrency exchange-traded funds (ETFs) and enhancements in onchain services—could signal the industry is nearing a pivotal moment akin to the early days of the internet, described by Paradigm’s Matt Huang.

“It’s working bigger than ever before, far beyond our wildest dreams. Both the institutional parts and the cypherpunk parts,” Huang mentioned, drawing parallels with Netscape’s role in internet history.

This enthusiasm contrasts sharply with the challenges facing other crypto projects. Mantra’s CEO John Patrick Mullin recently advised token holders to withdraw from the OKX platform citing misinformation regarding a planned token migration. Mullin emphasized the importance of avoiding dependency on potentially unreliable exchanges during the migration process, despite assurances from OKX about their support for the upcoming changes.

The predictions for the broader DeFi landscape remain mixed with an observed regression in token prices, pointing to tumultuous times ahead for many digital assets.