By Matthew Makowski Long- and short-term hodlers of Bitcoin (BTC) and Ethereum (ETH) rejoice. Bitcoin broke through its resistance point and breached the $50,000 mark for the first time since last May. And Ethereum is quickly approaching its all-time high. Nonetheless, many investors are asking the question, “Why is crypto going up?” The short answer is a rising tide lifts all boats. And the long answer isn’t that much more complicated.
Ethereum has been on an absolute tear since it activated its London hard fork. At the time, it was trading around $2,600 a coin. It’s since gone up close to 50% in value. …read more
