Cryptocurrencies on the Rise

On Wednesday, the world's leading cryptocurrencies experienced a significant upswing, with Ethereum leading the charge by rallying more than 5% after a previous day's decline. Bitcoin also saw a 2% increase, reversing its earlier downward trend.

This surge in digital assets comes as optimism grows over planned regulatory changes in the United States under President-elect Donald Trump, who has shown support for digital currencies. Ethereum's weekly performance is notably strong, trading 13% higher, and year-to-date, it has surged nearly 53%.

Market Update

As of 8:48 am ET, Bitcoin was trading at $93,923, up 2.19%, while Ethereum jumped 5.02%, selling at $3,490.