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Fortune
Fortune
Ben Weiss

Bitcoin approaches $38,000 and Ethereum crosses $2,000 as ETF fever continues to buoy the crypto market

(Credit: Illustration by Fortune)

The world's largest cryptocurrency by market capitalization continued to push past year-long highs, as Bitcoin approached $38,000 late Thursday morning, an approximately 7% increase in the past 24 hours, according to data from CoinGecko. Its peak of $37,935 was the highest the coin has reached in more than 18 months.

Ether, the token for the Ethereum blockchain and second-largest cryptocurrency by market capitalization, was also up, crossing the $2,000 mark for the first time since July on the back of an 8% day-over-day price upswing.

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