Crypto shares jumped in overnight trading as bitcoin topped $91,000. DeFi Tech up 10%; Eightco Holdings up over 5%; Bitcoin Depot up over 4%; DeFi Dev, CleanSpark, Bitfarms up over 3%.

Bitcoin climbed above $91,000 for the first time in almost a week, clawing back ground after a more than a month-long selloff, as a broad rally in risk assets and easing volatility gave traders room to push higher.

The advance, though modest, put higher levels back in focus, with digital assets moving in step with equities amid growing conviction that the Federal Reserve may soon resume cutting interest rates. BlackRock’s US Bitcoin ETF attracted fresh inflows, snapping a streak of redemptions. Liquidity remains thin ahead of the Thanksgiving break, but with volatility ebbing — and little evidence of fresh forced selling — bulls appear to be testing whether the worst of the drawdown has passed.

Gold stocks shined in overnight trading. Harmony Gold up 6%; Barrick Mining up over 2%, Coeur Mining up over 1%.

Gold was steady — and on track for a fourth monthly gain — as signs the Federal Reserve will cut rates next month supported the precious metal.

Bullion was near $4,170 an ounce on Friday, and up more than 2% for the week. A series of comments by Fed officials and the release of delayed economic data have supported the case for lower borrowing costs, which typically benefit gold as it doesn’t pay interest. Swap traders are pricing in a more-than-80% chance of a quarter-point cut in December.