Summary
Bitcoin and Ethereum reach new highs, with BTC surpassing $59,000 and ETH hitting $3,300. Together, they now make up $1.5 trillion of all digital assets. Bitcoin’s price has risen 5.4% in the past day due to strong tailwinds from new spot Bitcoin ETFs. The hope is that these ETFs will supercharge the effects of the upcoming Bitcoin halving in April. Ethereum is also boosted by anticipation for its Denunciation upgrade, set for March 13, 2024. Institutions are starting to include Ethereum in their portfolios.
Key Points
1. Bitcoin surged past $59,000 and Ethereum hit $3,300 as bullish sentiment grows among crypto traders.
2. BTC and ETH now make up $1.5 trillion, or 67%, of all digital assets globally, with the market capitalization growing by 3% to $2.3 trillion in the past day.
3. Bitcoin’s price has risen 5.4% in the last day and 15% in the last week, with strong tailwind from new spot Bitcoin ETFs contributing to its growth.