|

Bitcoin goes to $60k while ether hits a new ATH

  • Bitcoin and Ethereum have seen major price surges in the last 24 hours, after several positive events.

  • Bitcoin price reached $60 after reports of the SEC reviewing WisdomTree ETF.

  • Ethereum price surged alongside Bitcoin’s, hitting a new all-time high.

Bitcoin price goes up after the SEC starts reviewing WisdomTree ETF

Bitcoin has had plenty of good news recently that have boosted its price, finally allowing it to go to $60k, after more than a month of trying and failing. The biggest drive likely came from the US Securities and Exchange Commission’s decision to start reviewing a recent Bitcoin ETF proposal, submitted by WisdomTree.

Another positive sign for the market came from BTC miners, who started stacking coins once again, thus revealing that they feel bullish about the coin. And, of course, there was the decision of an English Southampton Football Club to start receiving bonuses in BTC.

As for ETH, it got another praise from billionaire investor Mark Cuban, while a recent price prediction says that it has good odds of going beyond $2,145.

Ethereum at new height while BTC struggles to cross the $60k mark

According to recent price data, Ethereum has managed to hit a new ATH and reach $2,199 recently, only to slightly correct to $2185 at the time of writing.

Ethereum

As for Bitcoin, its price reached $60k several times in the last month, but it never managed to cross the barrier and go back to $61k. At the time of writing, its price corrected after being rejected by the resistance once more, currently at $60,996.

Bitcoin

Author

Greg Waisman

Greg Waisman

Mercuryo

Greg Waisman is one of the co-founders at Mercuryo, has deep expertise in the field of technology, fintech and blockchain. Greg has a history of working with tech-related projects.

More from Greg Waisman
Share:

Editor's Picks

Crypto Today: Bitcoin, Ethereum, XRP recovery slows amid incessant capital outflows

The cryptocurrency remains in a broader corrective bias on Friday, despite majors such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) holding slightly higher than early-week support levels.

Cardano: Whale selling, cautious derivatives limit ADA rebound

Cardano is trading near $0.170 at the time of writing on Friday after staging a modest rebound from last week's sharp correction. However, the recovery remains fragile as large holders have resumed reducing their positions, adding fresh selling pressure to ADA.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts

Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support.

Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

Experts agree: Bitcoin nears bottom, but weak demand raises doubts
Bitcoin (BTC) is trading above $63,000 at the time of writing on Friday after rebounding from the key 200-week Simple Moving Average (SMA) near $62,000, a level widely viewed as key long-term support. The recovery may suggest that Bitcoin has found a floor after a sharp correction that spanned more than a month, but some warning signs persist.