Leading cryptocurrencies lifted alongside stocks on Wednesday, as soft private jobs data strengthened investor hopes that the Federal Reserve would slash interest rates next week.

CryptocurrencyGains +/-Price (Recorded at 8:20 p.m. ET)Bitcoin (CRYPTO: BTC)+1.59%$93,975.99Ethereum (CRYPTO: ETH) +6.57%$3,210.98XRP (CRYPTO: XRP) +2.06%$2.20Solana (CRYPTO: SOL) +5.53%$145.94Dogecoin (CRYPTO: DOGE) +4.01%$0.1521

Crypto Rebound Gains Steam

Bitcoin covered further ground on Wednesday, climbing back above $94,000 for the first time in over two weeks.

Ethereum also advanced to levels last seen three weeks ago, with trading volume surging nearly 20% over the last 24 hours. XRP and Dogecoin added to their gains.

Shares of cryptocurrency-linked stocks such as Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closed up 3.89% and 5.48%, respectively, during the regular trading session.

Benzinga Edge delivers real-time stock alerts, trade ideas, and professional investing tools to help you navigate the market. Find out more about MSTR and BMNR here.

Cryptocurrency liquidations hit $400 million over the last 24 hours, according to Coinglass, with short liquidations accounting for 75% of the total.

Bitcoin's open interest ...

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