The cryptocurrency market experienced a robust recovery on December 3, with the total market capitalization climbing to approximately $3.15 trillion, marking a 7% increase. Bitcoin (BTC) led the charge, surpassing $92,000, while Ethereum (ETH) rebounded above $3,000 following the activation of the Fusaka hard fork.
The Fusaka upgrade on the Ethereum mainnet has increased the gas limit to 60 million and introduced PeerDAS, enhancing Layer-2 scalability and wallet security. Market analysts suggest the potential for further gains, driven by Federal Reserve liquidity measures and a possible 25 basis point interest rate cut expected on December 10.
Bitcoin Surges Past $92K, Ethereum Rebounds Above $3K Amid Fusaka Upgrade
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