It's been a long time coming: Bitcoin hit a new all-time high on Tuesday, rising from its November 2021 record high of $69,044 in the US before plunging again.
Then, on Friday, he did it again—this time jumping over $70,000. This is remarkable considering that in January 2023 the coin was trading below $17,000.
Bitcoin's growth has been aided by record trading days on the spot with crypto exchange-traded funds (ETFs). BlackRock's iShares Bitcoin Trust was particularly popular.
of The price of Bitcoin It's now $68,413, up 10% over the past week, according to CoinGecko.
And Ethereum, the second largest digital asset, reached $4,000 for the first time since 2021. It rose 13 percent in seven days. The price of ETH It came to $3,894.
But the gains of the two biggest coins during the week paled in comparison to other assets. Meme coins, to begin with, jumped in price to a ridiculous amount. Shiba Inu (SHIB) is the winning asset among the top 20 digital coins and tokens after jumping nearly 135% in a week.
Its rival Dogecoin had a great week – almost doubling in value. Since then it has gone down and now the price is at $0.1749. It touched $0.19 on Monday, and the Elon Musk favorite is up more than 27% in the past seven days.
Elsewhere, Solana, the fifth-largest digital asset, rose above the $150 price point on Friday for the first time since January 2022. The token behind the Ethereum-rival blockchain is now up more than 13% over the past week and is trading at $145.82. .
Even if the gains were temporary, the ride of Bitcoins like Bitcoin Cash was good. BCH, the 20th largest coin, was at one point up nearly 40% in a seven-day period – but has now fallen to $430 after gaining more than $450 yesterday. BSV is now trading at $109, up over 6% for the week.
It should be noted that despite the alts and highs, most of them are below the all-time highs of the previous bull market in 2021. Many still have a long way to go.
Edited by Ryan Ozawa.
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