$BTC Bitcoin awakens from the shock. A violent rebound restores hope to the exhausted market!
Bitcoin recorded strong gains during trading on Wednesday, reaching its highest level in two weeks as the digital asset market seeks to recover part of the significant losses incurred over the past weeks. This rise came as the market attempted to catch its breath after a harsh sell-off.
The largest cryptocurrency in the world increased by nearly 7 percent, trading near the $93,000 level, which is the highest level achieved during a session since November 17. Ethereum and other major cryptocurrencies also experienced strong increases.
Despite this rise, the market continues to oscillate under the influence of uncertainty that has dominated since the beginning of the downward wave that broke out in early October, which came directly after Bitcoin recorded a historic number exceeding $126,000. During that period, more than one trillion dollars of the total value of the cryptocurrency market vanished.