Cryptocurrency Price Action
Bitcoin slipped to $61,800 early Friday, after reaching as high as $64,037 on Wednesday. The gains move the cryptocurrency further up against its highest levels since November 2021. Bitcoin is now about 10.4% below its record high of $68,990, set in early November 2021.
Bitcoin had spiked to $49,000 January 11 on the ETF launch day but then fell back into its early December 2023 level prior to the SEC announcement. The world's largest cryptocurrency rebounded about 157% in 2023. Bitcoin is up about 48% so far this year, with most of the gains compounded in February.
Ethereum is trading around $3,400 after on Thursday touching a new 52-week high of $3,520. It is trading at its best level since April 2022. The No. 2 crypto leapt roughly 92% in 2023. Ethereum jumped 49% so far in 2024.$BTC $ETH

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