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Bitcoin Bounces Back Above $90K, Giving Traders a Thanksgiving Lift
Market watchers braced for another quiet, red Wednesday ahead of Thanksgiving, but Bitcoin instead delivered an unexpected reversal. The world’s largest cryptocurrency climbed back above $90,000 for the first time in a week, shaking off a month-long slide and breaking from its usual pattern of pre-holiday weakness. Bitcoin’s jump came after several years of declines on the Wednesday before Thanksgiving. The token rose nearly 11% from last Friday’s panic-driven low near $80,760, although it still trades 20% lower over the past month and remains around 30% below its record high of $126,000. By Wednesday ... (full story)
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