Crypto Market Surges as Bitcoin and Ether Reach New Highs.
TL;DR Summary
Ether (ETH) reached an eight-month high of $1,873, outperforming Bitcoin (BTC) as Nasdaq futures rose to an eight-month high, offering bullish cues to risk assets, including cryptocurrencies. The ether-bitcoin ratio rose over 1% to 0.066, taking back a small portion of the 7% decline seen last month. Ether's outperformance comes as the highly anticipated Shanghai upgrade is now less than two weeks away, which has been widely hailed as a long-term bullish catalyst for ether and liquid staking tokens.
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