Bitcoin bounces back above $96,000 as investors eye $100,000 milestone heading into Thanksgiving holiday

Bitcoin on Wednesday climbed back above $96,000, recovering slightly from a pullback this week that knocked it from record levels.

The price of the flagship cryptocurrency was last higher by nearly 6% at $96,676.70, according to Coin Metrics, while ether jumped more than 9% to $3,636.46. The broader crypto market, as measured by the CoinDesk 20 index, gained 7%.

Although bitcoin is widely viewed as a store of value and a digital alternative to…