Bitcoin’s price has soared to new heights, surpassing $71,000 and overtaking silver’s market capitalization. This milestone has also propelled Bitcoin to become the eighth-largest asset by market cap, trailing behind top companies like Apple and Amazon.
The bullish price rally is attributed to the upcoming Bitcoin halving, which is expected to occur in approximately 35 days. This event typically leads to a surge in Bitcoin’s price as the supply of new coins being mined is reduced.
Not to be outdone, Ethereum has also seen significant gains, reclaiming $4,000 and surpassing a market cap of $480 billion. This puts Ethereum on track to close in on Walmart’s market cap, a major feat for the popular digital currency.
In just two days, Ethereum will be rolling out the highly-anticipated Dencun upgrade, which is expected to make transactions on the platform faster and cheaper. This upgrade is a significant milestone for Ethereum and has likely contributed to the recent price surge.
Overall, the cryptocurrency market is buzzing with excitement as both Bitcoin and Ethereum continue to break new records and make gains. With the upcoming Bitcoin halving and Ethereum’s Dencun upgrade on the horizon, all eyes are on these digital currencies as they continue to shake up the financial world. Celebrity Beauty Buzz will keep you updated on all the latest developments in the cryptocurrency space.
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