#BTC Bitcoin Touches Highest Level in Two Weeks, Market Remains Cautious Bitcoin reached a two-week high of US$93,965, driven by positive sentiment even as the crypto market remains cautious after a massive sell-off.🚨🚨🚨
The price of bitcoin continued a limited rebound and touched the highest level in two weeks as market players seek signals that the crypto market is beginning to find footing after prolonged selling pressure.
Bitcoin briefly strengthened by 2.6% to around US$93,965, or the highest intraday level since November 17.
Meanwhile, ether gained higher, soaring more than 4%, following the implementation of the Ethereum network upgrade called Fusaka, aimed at increasing the speed and efficiency of the blockchain. The sentiment in the crypto market remains relatively fragile after a sharp sell-off since early October, just a few days after bitcoin set a record above US$126,000. Since then, more than US$1 trillion in market capitalization has evaporated.
