On video: Power plant restarted to mine Bitcoin/Angular
A two-year record for Bitcoin: Yesterday at night, the price of Bitcoin stood at $57,000, a high point in the last two years, after Bitcoin completed an increase of more than 10% in the last week alone.
The increase was mainly due to the continued flow of capital to the leading hedge funds that were launched in mid-January of this year.
In the last month, Bitcoin rose by more than 35%, and Ethereum by more than 42%.
Despite the sharp decline experienced by the crypto market in the week after the launch of the ETFs in January, the recovery has been steady and fast, bringing the leading currencies to new highs in two years.
The all-time high was set by Bitcoin in November 2021 at a price of $69,000, and now, it has less than $12,000 left to set a new all-time high.
Ethereum, the second largest digital currency, also experienced significant increases this week, jumping 8.9% to $3,275 - a new high since the beginning of 2022.
Other alternative currencies benefited from the increase, with the most notable being BNB and Uniswap (UNI ), which completed a weekly increase of 10.4% and $42 respectively.
As of this writing, Bitcoin is trading at $56,060 and Ethereum at $3,221.
Bitcoin.
The increases are due to an influx of investors to the hedge funds following Bitcoin/ShutterStock
The rise in the broader crypto market comes alongside a report from digital asset manager Coinshares, indicating a fourth consecutive week of capital flows into crypto investment products.
According to the report of the Coinshares company, it can be concluded that the high demand does not stop, and this week more than half a billion dollars flowed in intended for investment in digital assets. The
leading funds, Blackrock's IBIT and Fidelity's FBTC, continue to be at the top of the table, and manage to compensate to a large extent Capital exit from Grayscale's GBTC fund
The public company that holds the largest amount of Bitcoin, Microstrategy, also announced another purchase this week, of approximately 3,000 coins for a total of $155 million.
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The hackers' fake tweet.
Hundreds of thousands of dollars were stolen before the post/screenshot was removed, Walla system!
Hackings in the background of the immigration
Along with the soaring prices, there are quite a few cases and attempts to steal money from innocent users.
Earlier this week, the Twitter account (X) of the company MicroStrategy was hacked, and in a post published by the hacked account, the hackers lured users to grant access to their wallets in exchange for payment in tokens, approximately $440,000 was stolen before the post was removed.
The Instagram account of Israel's Channel 14 was also hacked late last week, when the hackers used it to post fake ads in which the CEO of Amazon, Jeff Bezos, allegedly launches a new cryptocurrency and promises 0.2 Bitcoin to anyone who invests in it.
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