It took a long time. Bitcoin hit a new all-time high on Tuesday, surpassing its November 2021 record of $69,044 in the U.S. before falling again.
Then on Friday we succeeded again. This time it exceeded $70,000. This is surprising considering that in January 2023 the coin was trading below $17,000.
Bitcoin’s rise was helped by a record trading day in spot cryptocurrency exchange-traded funds (ETFs). BlackRock’s iShares Bitcoin Trust has been particularly popular.
that much bitcoin price It’s currently at $68,413, up 10% from last week, according to CoinGecko data.
And Ethereum, the second-largest digital asset, hit $4,000 for the first time since 2021. It soared 13% in 7 days. ETH price It’s $3,894.
However, the gains of the two biggest coins during the week were significantly lower compared to other assets. At first, the value of meme coins jumped ridiculously. Shiba Inu (SHIB) is the winning asset among the top 20 digital coins and tokens after rising nearly 135% in one week.
Rival Dogecoin had a very good week. The price has almost doubled. It has since fallen and the current price is $0.1749. It hit $0.19 on Monday, and Elon Musk’s favorite stock is still up more than 27% in the past seven days.
Elsewhere, Solana, the fifth-largest digital asset, topped the $150 price range on Friday for the first time since January 2022. The token on the blockchain that competes with Ethereum is currently up more than 13% compared to last week and is priced at $145.82. .
Bitcoin spin-offs such as Bitcoin Cash also performed well, but the gains were temporary. BCH, the 20th largest coin, was up almost 40% in seven days at one point, but has now fallen to $430 after exceeding $450 yesterday. BSV is currently trading at $109, up more than 6% for the week.
It’s worth noting that despite Alt’s surge and massive gains, most are well below their all-time highs from the previous bull market in 2021. In many cases there is still a long way to go.
Edited by Ryan Ozawa.
