Posted 2/28/2024, 2:03:00 PM
Bitcoin and Ethereum Surge to New Highs, Boosted by Institutional Demand and Upcoming Bitcoin Halving
- Bitcoin jumped above $60,000 to its highest level since November 2021, boosted by institutional demand and upcoming halving event
- Ethereum also rose to levels not seen since April 2022, surging 45% in 2024
- New spot bitcoin ETFs continued their strong gains, led by BlackRock's IBIT which has seen $6.54 billion in inflows
- Marathon Digital reports Q4 earnings after market close today; revenue expected to spike 440% year-over-year
- Marathon Digital stock surged 8.4% premarket Wednesday, poised to break out above a 30.45 cup-with-handle buy point