Bitcoin advanced to a two-month high, joining the broader rally in risk assets and precious metals after weeks of consolidation. The cryptocurrency rose as much as 2.4% to $96,348 early Wednesday, its highest intraday level since November 16. Ether, the second-largest token, surged as much as 5.1%.
In options markets, the rally has erased more than half a billion dollars in bearish crypto bets. The move highlights a broad risk-on tone across crypto and traditional markets, with traders eyeing upside momentum and potential fading volatility.
Leave a Reply