Recently, the London Stock Exchange (LSE) announced that it will accept Bitcoin and Ethereum crypto ETN applications in the second quarter of 2024. This news comes amid Bitcoin's recent jump to a new record high of $71,415 and Ethereum's victory of the $4,000 mark for the first time since 2021. These developments have captivated the crypto market, especially Ethereum, whose open interest has risen to its highest level in more than a year, indicating growing confidence among traders in its future potential.
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Bitcoin's recent all-time high and outlook
On March 11, Bitcoin reached a new all-time high of $71,415 after rising 2.62% in the 24 hours prior to 08:05 am UTC. This jump comes just three days after Ethereum broke through the $4,000 mark for the first time since December 2021. The rise in price is partly attributed to increasing institutional interest due to recently launched spot Bitcoin exchange-traded funds (ETFs) in the United States, which have accumulated 4.06% of the current Bitcoin stock in a short period of time, demonstrating that confidence in crypto continues to grow.
Vitalik Buterin's strategy for secure blockchain
In response to emerging threats from quantum computing, Ethereum co-founder Vitalik Buterin has proposed a comprehensive plan to protect Ethereum from these dangers. His strategy includes implementing quantum-resistant cryptographies such as Winternitz signatures and STARKs, along with a "simple recovery fork" as a backup plan. This proactive approach shows that Ethereum is preparing for future challenges and remains committed to security and stability.
Ethereum breaks through $4,000 barrier
After weeks of steady price appreciation, Ethereum has finally breached the $4,000 threshold, rising more than 3.8% at the time of writing. This milestone not only marks a recapture of the $4,000 area by Ethereum, but also suggests that the king of altcoins could potentially reach a new all-time high, continuing to grow sentiment in the market.
The LSE's recent announcement, combined with Bitcoin's impressive performance and Ethereum's growing interest among traders, points to an exciting period for the crypto market. As Bitcoin and Ethereum continue to reach new heights, innovative strategies like Vitalik Buterin's and growing institutional interest continue to pave the way for further adoption and development of digital assets.