Bitcoin and Ethereum Surge to New Highs as Investors Bet on Crypto
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Bitcoin hit new all-time highs above $72K, boosted by spot BTC ETF activity and MicroStrategy's additional purchases. Blackrock's IBIT bitcoin ETF also seeing significant inflows.
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Ether rose past $4K ahead of this week's Dencon upgrade for Ethereum network. Upgrade aims to improve transaction speeds and lower fees.
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SEC settlement with ShapeShift criticized by agency's own commissioners for lack of clarity on which tokens are securities. Creates uncertainty for crypto firms.
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Fed Chair Jerome Powell said central bank nowhere near implementing a CBDC, aimed to quell privacy and financial stability concerns.
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Crypto-exposed stocks like MicroStrategy and Coinbase rallying alongside bitcoin's new highs. MicroStrategy shares up over 600% in past year.