Illustration by Mitchell Preffer of Decrypt.
Will Bitcoin go to the moon? That certainly seems like it.The largest and oldest cryptocurrency is nearing all-time highs bitcoin price It soared to $64,000 on Tuesday. At the time of writing, the stock is trading at $62,101, a typically slow weekend trading period, and is up more than 21% in seven days.
Continued activity in ETFs has helped push up the largest crypto coin.the analyst said Decryption The bullish race may have just begun.
Newly approved Bitcoin funds trading on Wall Street, especially BlackRock’s, have been extremely popular, posting record inflows and trading days.
As a result, Bitcoin is now close to reaching its all-time high of $69,044 per coin in November 2021. In fact, he came within 11% of that milestone.
Ethereum also roared. The second largest digital coin currently costs $3,440. Shares have risen 18% in seven days as the company’s network approaches the long-awaited Dencun upgrade.
Solana (SOL), the fifth-largest cryptocurrency by market capitalization, is also rising in value. Ethereum’s rival soared to a 22-month high on Thursday, but is now trading just below that level at $129.08, a 30% rise in seven days.
Among the largest digital coins and tokens, Dogecoin (DOGE) has won this week’s rally. Elon Musk’s personal favorite was the best performing top cryptocurrency.
It continued its strong rally on Friday, and today’s price is $0.1427, a 50% increase in 7 days. However, unlike Bitcoin, DOGE still has a long way to go before reaching its all-time high of $0.73 in May 2021.
And the 19th largest digital asset, the Shiba Inu, soared nearly 50%.
But smaller memes have taken off, with Pepe in particular making astronomical profits. The Ethereum-based coin has soared 200% in seven days and is just 14% below its all-time high.
Edited by Ryan Ozawa.
