These record-breaking moves come amid a wider rally in the crypto market.
So-called "ethereum killers" Solana and Cardano are up 23% and 9% respectively in the last seven days., which launched in October and tracks bitcoin futures contracts pegged to the future price of the cryptocurrency, was up more than 8% on Monday.
While it is difficult to link short-term price movements to any specific event – and cryptocurrency price charts are often rife with volatility – some analysts think that both bitcoin and ether will continue to trend upward in the weeks ahead. , Mikkel Morch, executive director at crypto hedge fund ARK36, said a $70,000 price for bitcoin now "seems imminent."that bitcoin would ultimately hit $146,000, with a shorter-term price target of $73,000 for this year.
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