Bitcoin's price surged above $87,732, driven by renewed optimism for a Federal Reserve rate cut and anticipation of key U.S. economic data. The cryptocurrency experienced intra-day swings between $86,230 and $88,051. Analysts anticipate increased volatility as $14 billion in Bitcoin options expire this Friday, with market sentiment leaning towards a potential push past $90,000 if current support levels hold. Other major cryptocurrencies like Ethereum and XRP also saw gains.