ETF Approval Sent Bitcoin and Ethereum Prices Soaring
The prices of Bitcoin and Ethereum surged above $41,000 and $2,200 in anticipation of the approval of the first spot Bitcoin and Ethereum ETFs in the U.S.
Rising Prices on Bitstamp
Bitstamp, the crypto exchange, recorded a Bitcoin price of $41,733 earlier today, the highest since April 18, 2022.
ETH Reaches Highest Price Since May 9, 2022
As for Ethereum price, it reached $2,264 today, the highest since May 9, 2022.
Bitcoin Market Cap Exceeds Berkshire Hathaway
Bitcoin’s market cap exceeded that of Berkshire Hathaway today, according to Bitcoin Magazine.
Investor Speculations on Blackrock ETF Impact
Noted value investor Mike Alfred speculated about the market’s response to baby boomers buying at higher prices, averaging in at over $60,000.
Market Reaction Predictions
Alfred predicted significant market reaction, wherein Coinbase and Microstrategy stocks would open with an increase of 10-15%, and Bitcoin miners would see over a 20% rise. He also warned of potential bankruptcies and suicides.
Hot Take
ETF Approval Sent Bitcoin and Ethereum Prices Soaring.
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