Bitcoin was climbing back above $93,000 on Wednesday morning, extending its rebound from the sharp, unexpected selloff that rattled Wall Street in recent weeks.
The world’s largest cryptocurrency was rising 2%, to trade near $93,166 as of 8:45 a.m. Eastern time, according to FactSet data. Bitcoin had tumbled nearly 17% in November, marking its worst monthly performance since February.
Ethereum was also advancing more than 3% on Wednesday, reclaiming the $3,000 level, yet it remains far below its mid-August peak above $4,700, according to FactSet.