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Bloomberg
Bitcoin and Ether reached their highest levels in more than two months after a major Ethereum upgrade and even in the face of uncertainty over crypto rules in the US infrastructure plan.
Bitcoin gained as much as 3.1% to $45,328 on August 8, its highest level since May 18. Ether increased as much as 3.5% to $3,191, gaining for a fifth day amid the Ethereum network’s London upgrade, which reduces the pace of growth in the coins.
“A mood of optimism appears to have returned to cryptocurrency markets,†Paolo Ardoino, chief technology officer at Bitfinex, said. “Bitcoin is leading the charge while Ethereum
continues to make gains†after its network upgrade.
Cryptocurrencies are showing signs of life again after pulling back significantly from record highs in recent months, a
setback blamed on concerns about China’s crackdown and Elon Musk-fuelled questions about Bitcoin’s energy usage.