Bitcoin movement towards 72 thousand dollars; Ethereum grew by more than 17%
After a quiet few days, Bitcoin rallied to within less than $2,000 of its all-time high of $73,750 thanks to a surprise move by buyers. Other altcoins, led by Ethereum, also participated in this price rally, and the market volatility caused more than $300 million in losses for leveraged traders.
Bitcoin is currently trading at $71,218, up more than 6.2% over the past 24 hours, and it seems that a major part of this price increase is the result of significant capital inflows into Bitcoin ETFs. It is on Monday. Also, Ethereum is trading at $3,658 with a phenomenal growth of 17.7% and led the price increase in the market. The increase in the price of Ether is largely attributed to the optimism about the approval of ETFs of this digital currency this week.