TL;DR
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ETH hit a 22-month excessive of $3.1k, BTC broke $54k for the primary time since 2021, and Solana added ~$4B to its market cap earlier than lunch on Monday.
Full Story
Get your insulin pictures prepared! Right here comes three items of high-fructose information…
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Ethereum is on a tear!
ETH effectively and actually cracked $3k over the weekend, and is sitting at a 22-month excessive (~$3,100) on the time of this writing.
That is largely because of the potential Ethereum ETF narrative, and the upcoming ‘Dencun’ improve, which can imply sooner/cheaper transactions at greater volumes on the community.
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“I too am ‘on a tear’“ — Bitcoin
BTC broke $54k for the primary time since 2021! Thanks largely to continued shopping for from the ETFs.
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“If Bitcoin’s shifting, so am I!“ — Solana
Solana went from ~$100 to ~$109 yesterday, including roughly $4B to its market cap earlier than lunch.
“I don’t personal these tokens — why ought to I care?” — you (?)
Truthful query!
Proper now, the crypto market is price ~$2 Trillion (with a T) — and of that $2T, roughly $1.4T of it’s made up of simply Bitcoin (~$1T) and Ethereum (~$380B).
Collectively, they’re the ‘rising tide that floats all ships.’
Or for those who’re not into cryptic aphorisms…
If Bitcoin and Ethereum go up concurrently, most different tokens are inclined to observe.
Whichever means you slice it — it’s a superb time to be in crypto!