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Bitcoin Hits $60,000, Ethereum Reaches $2,000 on the Same Day

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Fri, 2/04/2021 - 8:13
Bitcoin Hits $60,000, Ethereum Reaches $2,000 on the Same Day
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Earlier today, on April 2, Bitcoin and Ether have both managed to surpass the price milestones they had reached earlier this year.

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BTC hitting $60,000 and ETH reaching $2,000 on the same day

BTC briefly went above $60,000 and Ethereum surpassed $2,000, almost outperforming its previous all-time high of $2,036, reached on Feb. 20.

Both cryptocurrencies have been on the rise this week. As reported by U.Today on Thursday, Ethereum has been demonstrating consecutive green candles since Monday, rising by more than 20 percent.

Bitcoin has been climbing up from the $50,200 area since March 25.

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Major factor in driving BTC and ETH up

An increase in interest from financial institutions, including Goldman Sachs and Morgan Stanley announcing plans to offer Bitcoin investments to its customers earlier this week, as well as Visa beginning to settle USDC payments on Ethereum, are among the factors that have driven BTC and ETH up.

At press time, Bitcoin is changing hands at $59,541 on Kraken. Ethereum is sitting at $1,997 on Binance.

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