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home / news releases / ETHE - Bitcoin jumps to 66K as Ether rises to new record high; crypto stocks gain

ETHE - Bitcoin jumps to 66K as Ether rises to new record high; crypto stocks gain

Grayscale Ethereum Trust (ETH) - Units
As crypto markets gains more upside momentum, Bitcoin (BTC-USD) topped $65K over the weekend before climbing as high as $66.9K on Monday, while Ethereum (ETH-USD) pushes to a new all-time high at $4.8K per token. After BTC reached its intra-day high, it has since pulled back somewhat to $65.6K, and ETH retraces a bit to $4.7K, though both tokens are still elevated. A $70K price tag for Bitcoin (BTC-USD) now "seems imminent," Mikkel Morch, executive director at crypto hedge fund ARK36 said in a note via email, CNBC reports. "Importantly, the uptick doesn't seem to be leverage-driven but rather results from the increased demand on the spot market where there's currently very little sell-side liquidity," according to the note. The largest crypto by market cap is trading just under its record high as $66.7K from October, though Ether (ETH-USD) outpaces BTC as more coins get taken out of circulation, a

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Bitcoin jumps to 66K as Ether rises to new record high; crypto stocks gain
Stock Information
Company Name: Grayscale Ethereum Trust (ETH) - Units
Stock Symbol: ETHE
Market: OTC
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