Bitcoin climbs above $28,000, hitting highest level since mid-August
Publishing timestamp: 2023-10-02 12:13:41
Summary
Bitcoin and Ether prices rallied, with Bitcoin reaching its highest level in over a month. The catalyst for the move is unclear, but the launch of ether futures exchange-traded funds may be a positive sign for the crypto industry. Bitcoin has risen for four consecutive weeks and is up about 70% for the year, but it is still more than 50% below its all-time highs. Trading volumes for bitcoin have been light, and there has been a rise in Bitcoin dominance. Equities tied to crypto, such as Riot Platforms and Marathon Digital, also saw gains.
Sentiment: POSITIVE
Tickers: ETH.CM=, MARA, BTC.CM=, RIOT,
Keywords: business news, investment strategy, cryptocurrency, marathon digital holdings inc, breaking news: investing, ethereum/usd coin metrics, breaking news: markets, bitcoin/usd coin metrics, riot platforms inc, markets,