For those not paying attention, Bitcoin has been on an absolute tear since late 2020. It's up 26% in the last week. Much of those gains came from the last 24 hours alone, as the price increased 10% since this time yesterday.
With today's jump, Bitcoin's market cap has swelled to $657 billion. Asset Dash—which tracks prices of stocks, crypto tokens, and exchange-traded funds—now ranks it as the eighth-most-valuable asset on its list. In the last day it has jumped over Alibaba Group Holding and is now on Tesla's tail.
It's not just Bitcoin. Ethereum has risen over 9% in the last 24 hours—and 52% in the last week—to reach a current price of $1,120. ETH's all-time high of $1,432 came on January 13, 2018.
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Bitcoin Bull Run
A continuously updated selection of stories explaining the price movements of Bitcoin, Ethereum and other major cryptocurrencies during the current bull run.
The price of Bitcoin continues to surge, with spot Bitcoin ETFs in the rearview mirror and the halving coming in April. Renewed euphoria has swirled as the price of Bitcoin skyrocketed to $64,000 on Wednesday.
“Fourth Bitcoin bull market, and this all feels very different,” prominent Bitcoin podcast host Peter McCormack said on Twitter.
Fourth #bitcoin bull market and this all feels very different.
Lessons from the others:- 2013 spent all my #bitcoin and traded CFDs. Ended 2013 with 0 #bitcoin....
Bitcoin today hit $39,000 per coin for the first time since a brutal digital asset crash in May 2022 that brought with it a long and painful bear market.
The virtual coin has since made a terrific comeback: at the start of January, it was trading for less than $17,000 per coin; it is now up 128%.
Could this mean we’re seeing the beginning of a bull run? Some experts say it’s only up from here.
A lot has happened in the crypto space since blockchain project Terra collapsed last year, leading...
In a move that surprised some experts, Invesco Ltd, an investment management company with $1.3 trillion in assets under management, decided not to immediately pursue its Bitcoin futures application.
“We have determined not to pursue the launch of a Bitcoin futures ETF in the immediate near-term,” an Invesco spokesperson told Bloomberg.
The firm added that it will carry on with its Galaxy Digital partnership to offer investors a “full shelf of products” with exposure to digital assets, including...
