Crypto Markets Today: Bitcoin Holds Near Weekly High, Altcoins Remain Subdued
The crypto market remained in a buoyant mood on Thursday as bitcoin traded near its weekly high around $93,500 and ether rose to $3,200 after completing its Fusaka upgrade.
The Fear and Greed index advanced to 27/100, exiting the “extreme fear” zone as a degree of optimism begins to enter the market.
It’s worth noting that bitcoin and the majority of other tokens remain in downtrends since early October, forming a series of lower highs and lower lows. To break the trend bitcoin needs to begin forming highs above $98,500, which would show signs of a meaningful bullish reversal.
The CoinDesk 20 (CD20) Index added 1.13% in the past 24 hours as the market began to build on Tuesdays’ rally.
