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 ~$4 billion to its market cap before lunch on Monday.
Full story
Get your insulin shots ready! Here come three pieces of fructose news…
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Ethereum is in tears!
ETH clearly cracked $3,000 this weekend and is at a 22-month high (~$3,100) as of this writing.
This is mainly due to the potential Ethereum ETF story and the upcoming ‘Dencun’ upgrade, which will mean faster/cheaper transactions at higher volumes on the network.
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“I too am in tears” – Bitcoin
BTC broke $54,000 for the first time since 2021! Mainly thanks to continuing to buy from the ETFs.
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“If Bitcoin is moving, so am I!” —Solana
Solana went from ~$100 to ~$109 yesterday, adding about $4 billion to its market cap before lunch.
“I don’t own those tokens – why should I worry?” – You (?)
Fair question!
Right now the crypto market is worth ~$2 Trillion (with a T) – and of that $2B, roughly $1.4B consists of just Bitcoin (~$1B) and Ethereum (~$380B).
Together they form the ‘rising tide that floats all ships.’
Or if you don’t like cryptic aphorisms…
When Bitcoin and Ethereum rise at the same time, most other tokens tend to follow suit.
Any way you look at it, it’s a great time to dive into crypto!