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Bitcoin clears $64,000 as Ethereum climbs above $2,350

Bitcoin clears $64,000 as Ethereum climbs above $2,350

Bitcoin rose to a new all-time high above $64,000.

BTC/USDT chart on Binance from TradingView.

The second-largest digital asset also set a new high above $2,350.

ETH/USDT chart on Binance from TradingView.

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As of this writing, the top ten by market capitalization are:

Data: CoinGecko.

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Total market capitalization surpassed $2.3 trillion.

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Bloomberg journalist Jon Erlichman compared the value of a $1,000 investment across different assets five years ago. According to his data, an investment in Ethereum would have yielded $273,716 — roughly 55 times the return of Netflix or Apple stock.

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Value of $1,000 invested 5 years ago:

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Ethereum: $273,716
Bitcoin: $148,194
Shopify: $41,662
AMD: $28,639
Etsy: $26,388
Nvidia: $17,071
Tesla: $14,975
PayPal: $7,101
Amazon: $5,530
Netflix: $5,050
Apple: $4,799
Microsoft: $4,670
Salesforce: $3,055
Google: $3,016
Facebook: $2,803

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— Jon Erlichman (@JonErlichman) April 13, 2021

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As reported, Bloomberg Intelligence’s senior commodities strategist Mike McGlone predicted that digital gold to $400,000 in 2021.

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Earlier, well-known trader Tone Vays said that Bitcoin is set for renewed growth, an all-time high update and a subsequent significant decline.

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At the end of March, popular crypto analyst Willy Woo called selling Bitcoin ‘insane’ right now.

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In April, the well-known crypto trader Scott Melker said that by the end of 2021 Ethereum could break above $10,000.

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