Summary
TLDR: Bitcoin reaches a 27-month high at $57,000, Ether also rises. Demand for bitcoin ETFs and from exchanges is driving prices up. MicroStrategy buys more BTC. Investors optimistic about approval of ether spot ETF. US equities mixed, awaiting economic data and budget passage to avoid government shutdown. Traders watching Consumer Confidence Index and PCE print for inflation.
Key Points
1. Bitcoin reached a 27-month high, breaking through $57,000 for the first time since 2021.
2. Ether (ETH) also saw a rally, approaching $3,300 – the highest it has been in almost two years.
3. Continued demand for bitcoin ETFs and greater demand for bitcoin from exchanges are contributing to price moves, with analysts pointing to bullish investor behavior and heightened demand for BTC on centralized exchanges.