Bitcoin jumped at the start of the week, inching closer to its all-time high after a short break over the weekend. The price reached $68,635, its highest since November 2021. Other cryptocurrencies, like Ether, also rose.
This follows a strong week for Bitcoin, where it gained over 20%. The price paused over the weekend, but analysts believe it could be temporary. New exchange-traded funds (ETFs) might be fueling the current surge.
Meme coins, popular among casual investors, also saw big gains, with Dogecoin and Shiba Inu rising significantly. This suggests more people are getting back into the crypto market.
Some experts warn that Bitcoin’s price might cool down soon, but others are bullish on the long term. They believe factors like new ETFs and limited supply could push the price even higher.
Overall, the crypto market is looking positive, with Bitcoin leading the charge and even tech stocks reaching new highs.
This information is not legal advice. Do your own research before making any decisions. Only invest what you can afford to lose and seek independent financial advice if needed. Understand the risks involved before purchasing any cryptoasset