Bitcoin It erased its drop to $91,800 on Wednesday morning and rose again to nearly $93,000 in the afternoon hours, but its rapid 10% rise in two days now faces a major test.
The cryptocurrency’s biggest rally from Monday’s lows of $84,000 appears to have stalled near a key technical level: the 2025 annual open at $93,400. This price area now acts as resistance that the bulls will need to reclaim convincingly for the rally to continue.
Ethereum Ether It reclaimed the $3,100 level, reaching its strongest price in two weeks and up 3.5% over the past 24 hours, outpacing Bitcoin’s 1% gain over the same period.
The markets shook the next morning Information Microsoft (MSFT) said it cut sales quotas for artificial intelligence software due to slower-than-expected adoption. The report sparked a nearly 3% intraday decline in Microsoft shares and pulled the Nasdaq into negative territory. However, the tech giant later retracted the report, denying any change in sales quotas.
The Nasdaq reversed losses to trade modestly in the green in the afternoon, while MSFT trimmed losses to 1.5%.
Crypto stocks are gaining
Meanwhile, cryptocurrency-related stocks continued to advance. USDC Issuance Circuit (CRCL) and cryptocurrency exchange Gemini (GEMI) are both up nearly 10%, though both remain well below their public market debut valuations earlier this year. Coinbase (COIN), Galaxy Digital (GLXY), and Robinhood (HOOD) were all up about 5% during the session. Most Bitcoin miners were also higher across the board, led by IREN with a 6% gain.
Update (December 3, 16:01 UTC): Adds comment from Microsoft.
Update (December 3, 19:15 UTC): Prices updated throughout the story.
