Crypto Market Update: Bitcoin at $93K, ETH at 3-Week High

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Bitcoin’s impressive rebound following the Monday crash continued in the past 24 hours as the asset briefly exceeded $94,000 to mark a new multi-week peak.

Ethereum has popped up as the biggest gainer from the larger-cap alts after the successful activation of the Fusaka upgrade.

BTC Tapped $94K
Following the brutal sell-off in the middle and late November, the primary cryptocurrency managed to recover a portion of the losses at the end of the month and surged past $90,000. However, December started with a bang in the opposite direction once again, as the asset plunged by several grand to under $84,000 on Monday and Tuesday morning.

The bulls, though, were quick to intercept this move and didn’t allow another breakdown. Just the opposite, BTC started to recover ground rapidly and was soon trading above $90,000 once again.

On Wednesday and Thursday morning, it managed to exceed $94,000 for the first time since November 17. However, that level has turned out to be a very high mountain to climb for now, and bitcoin now trades below that line.


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