Summary
TLDR: Bitcoin hits $60,000 for the first time since November 2021, with Ether also rising. Analysts attribute the rally to demand for spot bitcoin ETFs, anticipation of a spot ether product, and the upcoming bitcoin block reward halving in April. Federal Reserve speakers scheduled today, with concerns about a potential economic slowdown impacting markets.
Key Points
1. Bitcoin rose above $60,000 for the first time since November 2021, with a rally of more than 40% this month.
2. Ether (ETH) is also on the rise, hovering around $3,300 after breaking through the $3,000 level last week for the first time in almost two years.
3. Continued demand for spot bitcoin ETFs, optimism for a spot ether product, and anticipation of bitcoin’s next block reward halving in April are all contributing to the crypto rally.