Bitcoin & Ethereum Surge, Predictors Optimistic

Bitcoin and Ethereum have experienced small gains, pushing their prices above key levels. Bitcoin is now trading above ninety thousand dollars, and Ethereum has surpassed three thousand dollars. Market predictors are more optimistic about their next price targets, although new all-time highs this year seem less likely. Bitcoin jumped about one point one percent, reaching ninety-two thousand five hundred twenty-two dollars, shifting the odds with seventy-five percent of predictors believing Bitcoin will hit one hundred thousand dollars before dropping to sixty-nine thousand dollars. Ethereum has outperformed Bitcoin, gaining three point six percent over the last week, with fifty point eight percent favoring a move up to four thousand dollars. The recent Fusaka upgrade has improved Ethereums speed and scalability, and large investors are actively buying Ethereum. Potential interest rate cuts in December could provide a boost for both cryptocurrencies. The crypto market is also watching for a potential two billion dollar liquidation event before the end of December, which is currently believed to be unlikely.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.