Crypto Market Surges, Bitcoin Hits $93K; Investors Favor Bitcoin

Major cryptocurrencies surged on Thursday, with Bitcoin briefly topping ninety-three thousand dollars, but traders warn of a potential fake-out due to market volatility. Cardanos ADA and Ethereums ETH also gained, following network upgrades and a governance vote. Bitcoins stability in the ninety thousand to ninety-one thousand dollar range is now crucial, as the market seeks to recover from a late November downturn. Despite recent gains, investors remain cautious, with Bitcoins ninety-three thousand two hundred dollars resistance point indicating a choppy short-term outlook. Meanwhile, Bitcoin ETFs attracted nearly fifty-nine million dollars in new investments, while Ethereum products saw almost ten million dollars in outflows, reflecting investors preference for Bitcoin during economic uncertainty.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.