The price of Bitcoin surged to a record high of US$68,025 on Tuesday, pushing its global market value to US$2.94 trillion. In addition, the second most popular cryptocurrency, Ethereum, also rose by 1.23% from the previous day, with a price of US$4814.80 at 1.40 AM Eastern Time.
The most popular cryptocurrency hit an all-time high, soaring 3.03% in the past 24 hours. CoinMarketCap Data Display.The rise allowed Bitcoin to surpass the all-time high of $66,900 set in October, which coincided with the first Bitcoin ETF Listed on the New York Stock Exchange.
Market analysts are optimistic about Bitcoin’s future growth.Global investment bank JPMorgan Chase has updated its forecast In the long run, the cryptocurrency will reach $146,000.
ETH continued to rise, breaking through the high it hit on Monday, reaching a new high of $4,148.80. It surged 1.23% from the previous day. The continued price increase is in line with Goldman Sachs’ forecast.In a recent report, the bank predicted Ethereum It may reach a record high of US$8,000 by the end of the year.
The so-called “ether killer” Solana has also been soaring recently, and the current price is $245.66. Solana (SOL) surpassed Cardano and Tether to become the fourth largest cryptocurrency by market capitalization, and its price hit a record high of $260.06 on Sunday.
Compared with the previous day, the prices of Meme cryptocurrencies Dogecoin and Shiba Inu have also increased by more than 4%, to US$0.284 and US$0.00010, respectively.
The cryptocurrency market is extremely unstable, and experts advise investors not to make decisions based on sudden changes in prices.
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