Bitcoin surpasses $93,000, with cryptocurrencies and related stocks rising across the board

Source: DecenterKorea Original Title: Bitcoin at $93,000 Range···Crypto-Related Stocks Rise Across the Board [Decenter Market Watch] Original Link: https://www.decenter.kr/NewsView/2H1LKIMXPL/GZ03

As of 8:00 AM on December 4, according to data from a certain exchange, Bitcoin (BTC) rose 1.55% compared to the previous day, trading at 139.4 million KRW.

Bitcoin is currently trading in the upper $93,000 range. Cryptocurrency-related stocks are also showing simultaneous upward momentum.

According to global market tracking sites, as of 8:00 AM on December 4, BTC rose 1.96% compared to the previous day, trading at $93,814.86. After dipping to the $91,000 range at 9:40 AM the previous day, it has now rebounded.

Ethereum (ETH) has recovered to the $3,100 level after completing the Fusaka upgrade, up 5.69% from the previous day. This upgrade is expected to improve cost efficiency and processing speed for validators and Layer 2 networks. XRP rose 1.57% to $2.203, BNB rose 4.35% to $918.61, and SOL rose 3.14% to $144.42 compared to the previous day.

The domestic market is showing similar trends. According to data from the same exchange at the same time, BTC rose 1.55% from the previous day to 139.527 million KRW. ETH rose 3.67% to 4.747 million KRW, and XRP rose 1.49% to 3,274 KRW.

With the rise in cryptocurrencies, related stocks are also showing overall strength. Dollar stablecoin issuer Circle’s stock rose 11.47%, a certain exchange’s stock rose 10.93%. A certain compliance platform’s stock rose 5.19%, Galaxy Digital rose 6.66%, and Robinhood rose 6.11%. Most Bitcoin mining companies showed strength, with the largest increase reaching 6%.

According to the Fear & Greed Index from crypto asset data analytics firm Alternative, the index rose 5 points from the previous day to 28, remaining in the “Fear” zone. The closer the index is to 0, the more pessimistic investor sentiment, while 100 indicates an overheated market.