Bitcoin has reached a new all-time high of $68,000.

By: AHSAN MUMTAZ Learn more

– Other cryptocurrencies are also following suit, with some surging even more than Bitcoin.

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[{"selector":"#anim-0ba888ff-f319-49ca-95bb-92924c8e73b2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ee5ffaf8-3d4c-4f69-80ff-3e0884ebaae7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-201f1e0d-d339-4f8f-982a-12b91940f66b","keyframes":{"transform":["translate3d(0px, 122.28536%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] – Analysts predict that Bitcoin may cool off in the short term, but they remain optimistic about its long-term prospects.

[{"selector":"#anim-9ca1001e-c074-4f87-9547-382f7c154ae0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-2ae90893-ce47-4eba-ba22-0c0c5caad6aa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a754ca1c-31a0-46b9-b603-cbdb79cb00ed","keyframes":{"transform":["translate3d(0px, 109.84642%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] – The surge was fueled by Bitcoin ETF inflows, which allow investors to invest in Bitcoin without having to buy and store the cryptocurrency themselves.

[{"selector":"#anim-7916cb6f-8d4f-4bce-819f-2b828fa2e300 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b1d94a84-1f32-4e45-9cba-55b25f6f73e3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e879ac9f-a3e9-4ea5-a55b-937112db7913","keyframes":{"transform":["translate3d(0px, 124.27110%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] – Meme coins, such as Dogecoin and Shiba Inu, also saw gains, along with crypto stocks.

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