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ADA, ETH, XRP Climb as Bitcoin Zooms Above $93K, But Traders Warn of 'Fakeout Rally'
Source: CryptoNewsNet Original Title: ADA, ETH, XRP Climb as Bitcoin Zooms Above $93K, But Traders Warn of ‘Fakeout Rally’ Original Link: Major tokens added as much as 5% as bitcoin hovered above $93,000 on Thursday, a move some traders described as a potential fake-out as volatility stayed elevated across the crypto market.
Cardano’s ADA added 5% as key network developments passed a 70 million ADA proposal to jumpstart on-chain activity, in a first such governance vote. Ether moved 4% as the Fusaka upgrade went live, with the update designed to help the network handle the increasingly large transaction batches coming from the layer-2 networks that settle on top of it.
Attention is now centered on whether BTC can stabilize in the $90,000–$91,000 support region. Market-wide positioning remains fragile after a sharp liquidation cycle at the start of the week, though the broader crypto market is still attempting to carve out higher lows after its late-November drawdown.