The flagship cryptocurrency was last higher by 7% at $67,665.72, according to Coin Metrics. Earlier, it rose to as much as $67,736.21, its highest level since November 2021, when it reached its all-time high. Ether advanced 4%, trading near January 2022 highs at $3,607.49.
Both coins are coming off their best week in almost a year — bitcoin gained about 21% and ether 16% — but paused their run over the weekend as the market digested two days of steep outflows from the Grayscale Bitcoin Trust (GBTC) that were offset by inflows into other “newborn” bitcoin exchange-traded funds.
“With the birth of these nine new ETFs the big moves now tend to take place during the normal trading week rather than the weekends,” said Antoni Trenchev, co-founder of crypto exchange Nexo.
- Michael Saylor#Bitcoin is a Union. pic.twitter.com/kcdN2f3L6F
— ⚡₿itcoinTeddy⚡ (@Bitcoin_Teddy) February 28, 2024
