May 21 newsaaagamescrypto, Ethereum and Bitcoin surged sharply in early trading, followed by Ethereum and Bitcoin spot ETFs. Three Ethereum STFs rose more than 19%, and three bitcoins rose more than 6%.
According to media reports, virtual currencies surged across the board in early trading today, and Bitcoin hit a record high, breaking through 7.aaagamescrypto.10,000 US dollars; Ethereum soared nearly 20%, and its price once exceeded US$3700, making it the major virtual currency with the largest increase. From the market point of view, in the past 24 hours, the number of people who sold out positions once exceeded 85,000. Data showed that the global cryptocurrency market overall rose nearly 3% on Monday to reach US$2.47 trillion. Why is virtual currency so crazy?
Analysts believe that it may have a greater relationship with the supply of virtual coins. On May 20, local time, Venezuela's Ministry of Electricity announced a special operation to disconnect all Bitcoin mines from the power grid in an attempt to stabilize its energy supply and protect people's livelihood. Authorities have seized more than 11000 Bitcoin miners. Officials said the measures were crucial to stabilizing the country's unreliable electricity supply over the past decade. In addition, from the demand side, the cash flow to Bitcoin ETFs in China Hong Kong and the United States is particularly eye-catching. At the same time, the rise in virtual currencies may also have a certain relationship with gold and the US dollar.