Crypto Prices Today: Bitcoin rebounds to $94.8K; Dogecoin, Hedera surge over 3%
Bitcoin, which had fallen to $89K, a level it hadn’t seen in 24 days, has rebounded strongly.
As of 11:00 am IST, Bitcoin was trading at $94,856, up 1.2%, after hitting an intraday low of $89,260. Ethereum slipped 0.9% to $3,174. Meanwhile, the global crypto market cap saw a 1% rise, reaching $3.29 trillion.
«Bitcoin found strong support at $89,200 and quickly rebounded to $94,800. While investor caution ahead of key economic data triggered an initial dip, the market recovered swiftly after reports of former President Trump planning crypto-friendly executive orders,» said Edul Patel, CEO of Mudrex.
«Moreover, institutional moves, such as BlackRock’s Bitcoin ETFs launch in Canada and MicroStrategy’s $243 million BTC purchase, further boosted market sentiment, helping Bitcoin regain momentum. Bitcoin's support level has now moved to $90,900, with resistance at $96,600, signaling renewed confidence,» Patel added.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»Also Read: Bitcoin in 2025: Risk or opportunity for the loyal investors?
Stock Trading
Masterclass on Value Investing and Company
