Crypto market surges as bitcoin tops US$91,000 and ethereum crosses US$3,000

The cryptocurrency market jumped 3.7 percent on Thursday as a rebound in risk appetite sent major tokens and sector indexes sharply higher.

Bitcoin rallied nearly 5 percent to break above US$91,000 its strongest level in weeks after a spell of subdued trading. Traders pointed to improving sentiment, renewed institutional liquidity and broader momentum across risk assets.

- Advertisement -

Ethereum climbed more than 4 percent to reclaim the US$3,000 mark for the first time in almost a week, helping restore confidence after last week’s sell-off.

Gains were broad-based. The Real-World Asset index rose 4 percent, lifted by Pendle, Sky and Ondo, while layer-2 tokens logged some of the day’s biggest moves, with Merlin Chain soaring over 130 percent on heavy volumes.

- Advertisement -

CeFi, DeFi and meme coins also edged higher, and Dash jumped 17 percent after a spot listing on OKX.

The rally coincided with fresh inflows into digital asset ETFs. Ethereum spot ETFs attracted US$60.82 million on November 26, extending their four-day streak, while bitcoin ETFs added US$21.12 million. XRP funds drew US$21.81 million in inflows, though Solana ETFs saw an US$8.1 million outflow.

Crypto Market Update: Bitcoin slides below $98K amid US$1.1B liquidations

Share This Article
Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *