Crypto Rises And Shorts Shatter

May 21, 2024 8:00 PM ET, , , 3 Comments
Bespoke Investment Group
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Summary

  • The price of Bitcoin was above $70,000 this morning for the first time in over a month.
  • Ethereum prices are up double-digit percentage points (11% as of this writing) on renewed ETF optimism.
  • Using the Grayscale Bitcoin Trust as a proxy, Bitcoin prices are currently trading at the high end of this year's range.

Concept - Cryptocurrency on banknotes

Vladimir Vladimirov

As we first noted in today's Morning Lineup, while equities are having a snoozer of a session, crypto prices are rallying. Although it has come off the high, the price of Bitcoin (BTC-USD) was above $70,000 this

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SymbolLast Price% Chg
BTC-USD--
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ETH-USD--
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GBTC--
Grayscale Bitcoin Trust ETF
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