Crypto Markets Rebound as Bitcoin Stabilizes and Ethereum Breaks $3.2K
Digital assets staged a broad recovery, with Bitcoin climbing 1.6% to $93,000 as selling pressure eased. Ethereum led altcoin gains, surging past $3,200 amid renewed DeFi momentum. chainlink jumped 7.51%, while Curve DAO rallied over 12%.
Trader Murphy observed long-term holders are taking profits while new Bitcoin addresses show weaker accumulation—a sign December may bring stabilization rather than sustained recovery. The market remains fragile, with oversold conditions suggesting any rebound will require time to consolidate.