Summary
Bitcoin reached a new all-time high of over $71,000, surpassing silver’s market capitalization. This milestone comes as the Bitcoin halving approaches, reducing miner rewards. Ethereum also reached $4,000 and is set to implement the Dencun upgrade for faster and cheaper transactions.
Key Points
1. Bitcoin surpassed $71,000 and set a new all-time high, flipping silver’s market capitalization in the process.
2. The approaching Bitcoin halving, estimated to occur in approximately 35 days, is a significant factor driving the bullish price rally.
3. Ethereum reclaimed $4,000 and is set to roll out the Dencun upgrade, expected to make transactions faster and cheaper.