The Good News Catalogue (Pt. 6): Three Pieces of Positive News That’ll Give You the Zoomies

TL;DR

• ETH hit a 22-month excessive of $3.1k, BTC broke $54k for the primary time since 2021, and Solana added ~$4B to its market cap earlier than lunch on Monday.

Full Story

Get your insulin pictures prepared! Right here comes three items of high-fructose information…

1. Ethereum is on a tear!

   ETH effectively and really cracked $3k over the weekend, and is sitting at a 22-month excessive (~$3,100) on the time of this writing.

   That is principally because of the potential Ethereum ETF narrative, and the upcoming ‘Dencun’ improve, which is able to imply quicker/cheaper transactions at increased volumes on the community.

2. “I too am ‘on a tear’“ — Bitcoin

   BTC broke $54k for the primary time since 2021! Thanks principally to continued shopping for from the ETFs.

3. “If Bitcoin’s shifting, so am I!“ — Solana
   
   Solana went from ~$100 to ~$109 yesterday, including roughly $4B to its market cap earlier than lunch.

“I don’t personal these tokens — why ought to I care?” — you (?)

Honest query!

Proper now, the crypto market is price ~$2 Trillion (with a T) — and of that $2T, roughly $1.4T of it’s made up of simply Bitcoin (~$1T) and Ethereum (~$380B).

Collectively, they’re the ‘rising tide that floats all ships.’

Or in the event you’re not into cryptic aphorisms…

If Bitcoin and Ethereum go up concurrently, most different tokens are inclined to comply with.

Whichever approach you slice it — it’s a great time to be in crypto!