Bitcoin Hits Two-Week Peak as Digital Assets Recover Slowly

Bitcoin pushed higher on Wednesday, extending its cautious rebound and reaching a two-week peak as traders look for early signs that the broader crypto market may be stabilizing after a steep downturn.

The original cryptocurrency climbed as much as 2.6% to around $93,965, its highest intraday level since Nov. 17. Ether outperformed, rising more than 4% as Ethereum rolls out its Fusaka upgrade, designed to improve the network’s speed and efficiency. Smaller tokens saw mixed performance.

Despite Wednesday’s gains, the digital asset market is still unsettled following a heavy selloff that began in early October—just days after Bitcoin hit an all-time high above $126,000. The retreat has erased more than $1 trillion in crypto market value.

Even so, some optimism is emerging, with investors hoping the recovery can take hold, though many remain cautious after the sharp downturn.