Summary
Bitcoin is approaching its all-time high with a price of $62,101, up 21% in the past week. ETF action and new Bitcoin funds on Wall Street are driving the price up. Ethereum and Solana are also seeing significant gains. Dogecoin is the best-performing cryptocurrency of the week, up 50%. Smaller meme coins like Pepe have also seen huge gains.
Key Points
1. Bitcoin is approaching its all-time high, with a price of $62,101 at the time of writing, showing a seven-day jump of more than 21%.
2. ETF action has contributed to Bitcoin’s rise, with newly approved Bitcoin funds on Wall Street, especially BlackRock’s, experiencing record inflows and trading days.
3. Ethereum has also seen significant growth, with a price of $3,440 and an 18% increase over seven days as it approaches its Dencun upgrade.