Ethereum, Dogecoin Soar as Bitcoin Hits Highest Price in 3 Weeks
The post Ethereum, Dogecoin Soar as Bitcoin Hits Highest Price in 3 Weeks appeared on BitcoinEthereumNews.com. In brief Bitcoin topped $109,600 on Wednesday, its highest price in three weeks. Ethereum jumped nearly 8% while Dogecoin rose even higher. Investors appear upbeat about the potential for a Fed rate cut ahead. Dogecoin, Ethereum, and other altcoins spearheaded a surge in crypto prices that included a three-week high for Bitcoin as investors grew more optimistic about the widening embrace of digital assets products. DOGE led a spike in larger meme coins, recently rising more than 8% over the past 24 hours, according to crypto markets data provider CoinGecko, to a price of $0.171. The eighth-largest cryptocurrency by market cap regained ground lost over the past month. Ethereum (ETH), meanwhile, was recently trading above $2,590, a nearly 8% gain over the past 24 hours. Bitcoin was changing hands above $109,200, a more than 3% gain since Tuesday, same time. It topped $109,000 earlier in the day for the first time in three weeks, and proceeded to top out above $109,600. At its current price, Bitcoin is just over 2% away from its all-time high mark of $111,814 set in May. “Bitcoin is in the passenger seat today and altcoins are leading the market higher,” Zach Pandl, head of research at crypto asset manager Grayscale, told Decrypt in an email. “Recent crypto exchange traded product (ETP) approvals may be raising investor confidence that TradFi capital will its way into altcoins Pandl noted that increasing U.S. regulatory clarity was likely drawing “more users and capital into the crypto ecosystem.” He added that although asset valuations were within their recent ranges, “We expect new highs for many tokens in the second half of this year.” The market spike came as U.S. President Donald Trump lauded a new trade agreement with Vietnam that would open access to American manufacturers. Later in the…
The post Ethereum, Dogecoin Soar as Bitcoin Hits Highest Price in 3 Weeks appeared on BitcoinEthereumNews.com.
In brief Bitcoin topped $109,600 on Wednesday, its highest price in three weeks. Ethereum jumped nearly 8% while Dogecoin rose even higher. Investors appear upbeat about the potential for a Fed rate cut ahead. Dogecoin, Ethereum, and other altcoins spearheaded a surge in crypto prices that included a three-week high for Bitcoin as investors grew more optimistic about the widening embrace of digital assets products. DOGE led a spike in larger meme coins, recently rising more than 8% over the past 24 hours, according to crypto markets data provider CoinGecko, to a price of $0.171. The eighth-largest cryptocurrency by market cap regained ground lost over the past month. Ethereum (ETH), meanwhile, was recently trading above $2,590, a nearly 8% gain over the past 24 hours. Bitcoin was changing hands above $109,200, a more than 3% gain since Tuesday, same time. It topped $109,000 earlier in the day for the first time in three weeks, and proceeded to top out above $109,600. At its current price, Bitcoin is just over 2% away from its all-time high mark of $111,814 set in May. “Bitcoin is in the passenger seat today and altcoins are leading the market higher,” Zach Pandl, head of research at crypto asset manager Grayscale, told Decrypt in an email. “Recent crypto exchange traded product (ETP) approvals may be raising investor confidence that TradFi capital will its way into altcoins Pandl noted that increasing U.S. regulatory clarity was likely drawing “more users and capital into the crypto ecosystem.” He added that although asset valuations were within their recent ranges, “We expect new highs for many tokens in the second half of this year.” The market spike came as U.S. President Donald Trump lauded a new trade agreement with Vietnam that would open access to American manufacturers. Later in the…
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