Bitcoin surpasses $93,000, boosted by institutional participation and a short squeeze ahead of the upcoming Federal Reserve meeting. The market remains cautious, waiting to gauge the impact of macroeconomic conditions, upcoming tech upgrades, and institutional flows on Bitcoin and other major cryptocurrencies like Ether, SOL, and BNB. Despite uncertainties and structural risks, the latest surge boosts market confidence but has not resolved structural issues such as pressured miner profitability, mixed large-holder behaviour, and looming macro uncertainties.