Bitcoin, Ether Hover Above Support Amid China Optimism, US Futures Bump Up

Lately correlated nearly 1:1 with broader equity markets , cryptocurrencies were ahead 3.2% after nearly a week of declines that saw bitcoin fall to as low as $24,000. At the time of this writing, the largest crypto was trading at $30,300. Ether (ETH) added 2.2% in the past 24 hours to trade above $2,000, with similar gains for Avalanche’s AVAX, BNB Chain’s BNB and dogecoin.

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