Crypto Headlines - May 21, 2024
Bitcoin on the Rise:
Bitcoin Soars: After weeks of decline, Bitcoin (BTC) is experiencing a surge, reaching a new 2024 high above $71,000 [multiple sources]. Some analysts predict it could hit $74,000 next week [Coindesk].
Investors Flocking Back: This sudden rise is attributed to renewed investor interest, possibly due to easing selling pressure [Coindesk].
Ethereum Following Suit:
Ethereum Up Sharply: Ethereum (ETH) is not lagging behind, with a significant 19% increase in the last 24 hours, surpassing $3,600 [Binance].
Spot ETF Approval Rumors Fueling Rally: Speculation about the approval of a spot Bitcoin ETF by the SEC might be contributing to the Ethereum price increase [Coindesk].
Other Interesting Crypto News:
Grayscale Shakeup: Grayscale's CEO, Michael Sonnenshein, has stepped down, with a Goldman Sachs executive taking his place [CNBC].
Tether's Expansion Plans: Tether is looking to expand its dollar and gold-backed stablecoins to the TON network to boost peer-to-peer payments on Telegram [Coindesk].
Remember: The crypto market is known for its volatility, so these highs may not be permanent.