Brief by Shorts91 Newsdesk / 08:09am on 27 Feb 2024,Tuesday Tech Today
Bitcoin reached a two-year high, hitting $57,036, as big players entered the market. This surge was fueled by MicroStrategy's disclosure of buying 3,000 bitcoins worth $155 million. Additionally, the approval of bitcoin ETFs in the US boosted demand and trading volumes, leading to a spike in crypto-linked firms' stocks. Ether also saw gains, surpassing $3,200 for the first time since 2022, reaching $3,275. The market's bullish sentiment is driven by limited supply and strong demand, particularly from US ETFs.
