Today, Bitcoin experienced a tentative rebound, reaching a two-week high as signs that the broader crypto market is recovering after a prolonged selloff.
This morning, Bitcoin rose as much as 2.6% to $93,965, its highest trading level since Nov. 17.
The gains come after Bitcoin has slumped more than 6% since the beginning of December, sliding from just above $91,000 to roughly $85,600 as of Monday afternoon.
Today, Ethereum’s price jumped 10% within 24 hours, surpassing the crucial $2,840 resistance and moving above $3,000, indicating robust bullish momentum.
The digital assets market continues to be unstable following a sharp selloff that started in early October, losing over $1 trillion in market value.
According to Coinglass data, roughly $400 million in bearish positions were liquidated across all tokens in the last 24 hours during the latest rally.
By CEO NA Editorial Staff
