Bitcoin surged above $68,000 on Wednesday, its highest level since July, leading to a rally in the crypto market. Bitcoin is up over 9% in the past week, while ether rose about 7%. Solana and Dogecoin gained 10% and 15%, respectively. Crypto-linked stocks also saw gains. Coinbase climbed 7%, extending a three-day rally to 19%. Bitcoin miners Marathon Digital and Riot Platforms moved higher as well. A key factor in bitcoin’s more than 50% year-to-date rise is the launch of spot bitcoin ETFs in January, followed by ether ETFs in July.
Category
🗞
NewsTranscript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Bitcoin surged above $68,000 on Wednesday, its highest level since July,
00:07leading to a rally in the overall crypto market.
00:10Bitcoin is up over 9% in the past week, while Ether rose about 7%.
00:15Solana and Dogecoin gained about 10 and 15% respectively.
00:19Crypto-linked stocks also saw gains.
00:22Coinbase shares climbed 7%, extending a three-day rally to 19%.
00:27Bitcoin miners Marathon Digital and Riot Platforms moved higher as well.
00:31A key factor in Bitcoin's more than 50% year-to-date rise is the launch of
00:35SpotBitcoin ETFs in January, followed by Ether ETFs in July.