Bitcoin Soars to 18-Month High, Eyes $40K Amidst ApeCoin Surge

1 min read
Source: Decrypt
Bitcoin Soars to 18-Month High, Eyes $40K Amidst ApeCoin Surge
Photo: Decrypt
TL;DR

Bitcoin and Ethereum experienced a surge in value, with Bitcoin hitting an 18-month high of $38,000 per coin and Ethereum reaching an 18-month high before dipping. The rise in prices can be attributed to a surge of cash from big money investors into crypto investment products. Additionally, interest in traditional cryptocurrency stocks, such as Coinbase and MicroStrategy, also surged.

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