Bitcoin jumps to $93,900—what's behind the comeback?
Bitcoin just bounced back to about $93,900, its highest in two weeks.
This follows a rough patch since early October, when prices crashed from over $126,000 and wiped out more than $1 trillion from the crypto market.
Even with this recent boost (and some gains for coins like Ether), things are still pretty shaky.
What's driving the action?
Investors are treading carefully—there was a $59 million flow into Bitcoin ETFs on Tuesday, but worries lingered after news that Strategy Inc might sell off Bitcoin to pay debts.
On the bright side, updates from the SEC and Vanguard have sparked some hope. Plus, Coinglass says over $400 million in bearish bets got liquidated during this rally—a sign people are still playing it safe.
As Melvin Deng from QCP Group put it, these moves could help Bitcoin regain momentum, but everyone's keeping an eye on what happens next with regulations and investor mood.