After an overnight surge that sent ether to levels not seen since 2021, Bitcoin is just a stone’s throw from its all-time high.
The price of bitcoin increased by 1% to $119,782 last time.
After rising to its highest level since December 2021 on Sunday, ether was down roughly 1.6% at $4,181.
It made its first foray below $4,000 since December on Friday.
As investors anticipated a series of important inflation reports, the swings coincided with an increase in U.S. equities futures earlier in the morning.
Stocks are trading near their highest points ever.
Coinbase’s stock increased by over 5%, Circle’s stock increased by 3%, and Galaxy Digital’s stock increased by 8%.
A number of miners, including Riot Platforms, Iren, and Mara Holdings, witnessed increases of over 3%, while Bitcoin proxy strategy advanced by over 4%.
Source (CNBC)
