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TL;DR
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ETH hit a 22-month high of $3.1k, BTC broke $54k for the first time since 2021, and Solana added ~$4B to its market cap before lunch on Monday.
Full Story
Get your insulin shots ready! Here comes three pieces of high-fructose news…
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Ethereum is on a tear!
ETH well and truly cracked $3k over the weekend, and is sitting at a 22-month high (~$3,100) at the time of this writing.
This is mostly thanks to the potential Ethereum ETF narrative, and the upcoming ‘Dencun’ upgrade, which will mean faster/cheaper transactions at higher volumes on the network.
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“I too am ‘on a tear’“ — Bitcoin
BTC broke $54k for the first time since 2021! Thanks mostly to continued buying from the ETFs.
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“If Bitcoin’s moving, so am I!“ — Solana
Solana went from ~$100 to ~$109 yesterday, adding roughly $4B to its market cap before lunch.
“I don’t own those tokens — why should I care?” — you (?)
Fair question!
Right now, the crypto market is worth ~$2 Trillion (with a T) — and of that $2T, roughly $1.4T of it is made up of just Bitcoin (~$1T) and Ethereum (~$380B).
Together, they are the ‘rising tide that floats all ships.’
Or if you’re not into cryptic aphorisms…
If Bitcoin and Ethereum go up simultaneously, most other tokens tend to follow.
Whichever way you slice it — it’s a good time to be in crypto!
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