Bitcoin and Dogecoin Rebound as Ethereum Hits 5-Month High Price

Bitcoin jumped back above $97,000 per coin on Wednesday, suggesting renewed investor optimism around the coin after it took a plunge earlier this week.The leading cryptocurrency touched $97,360 earlier Wednesday, but has since dipped and is now trading for $96,320, data from CoinGecko shows.The coin was fast approaching $100,000 last week but stopped short, ultimately still hitting a new all-time high of $99,645. Over a 24-hour period, Bitcoin is now up by more than 5%.It’s not the only digital asset doing well: Ethereum’s price has hit a five-month high price of $3,647. The second biggest coin is now priced at $3,625 after jumping by 9% in the past day.Ethereum had been struggling to make the same gains as Bitcoin, but money is now flowing back into the space. Still, the coin has to climb another 25% before it beats its 2021 all-time high of $4,878.And Dogecoin has also jumped in price. Elon Musk’s favorite cryptocurrency has jumped nearly 5% and is priced at a little over $0.40, after falling below the $0.37 mark on Tuesday.The meme coin is experiencing a surge after the Tesla CEO started talking about it again in recent weeks, including on the campaign trail while backing President-elect Donald Trump. Musk will soon start a role in Trump’s administration co-leading a government agency named D.O.G.E—the Department of Government Efficiency—which has led speculators to bet even harder on the coin, which hit a three-year high price last weekend.Broadly, the crypto market is up nearly 5% over the last day, with a collective market cap of almost $3.5 trillion.Edited by Andrew HaywardDaily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.



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