Anjali Sharma
GG News Bureau
NEW YORK, 29th Feb. According to news media reports on Wednesday Bitcoin led a major rally for cryptocurrency prices and related stocks as it crossed above $57,000 for the first time since November 2021.
Bitcoin on Tuesday traded above $57,000 after briefly touching $57,430 running further up against its late 2021 levels.
The Investor’s Business Daily reported that the world’s largest cryptocurrency jumped 11 per cent over the last 24 hours, according to CoinDesk data.
In mid-February bitcoin’s market capitalisation crossed the $1 trillion mark in more than two years.
Bitcoin is up 34 percent so far this year, with most of the gains coming after the spot bitcoin ETF launches in early January.
Ethereum surged 6.8 per cent in the 24 hours to Tuesday morning, trading around $3,280. That’s its best level since April 2022.
ETH peaked at $3,289 in early Tuesday trade. The No 2 crypto spiked almost 44 per cent in 2024, the report said.
