Bitcoin jumped back above $97,000 per coin on Wednesday, suggesting renewed investor optimism around the coin after it took a plunge earlier this week.

The leading cryptocurrency touched $97,360 earlier Wednesday, but has since dipped and is now trading for $96,320, data from CoinGecko shows.

The coin was fast approaching $100,000 last week but stopped short, ultimately still hitting a new all-time high of $99,645. Over a 24-hour period, Bitcoin is now up by more than 5%.

It’s not the only digital asset doing well: Ethereum’s price has hit a five-month high price of $3,647. The second biggest coin is now priced at $3,625 after jumping by 9% in the past day.

Ethereum had been struggling to make the same gains as Bitcoin, but money is now flowing back into the space. Still, the coin has to climb another 25% before it beats its 2021 all-time high of $4,878.

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Author: Mathew Di Salvo