Bitcoin surged above $68,000 on Wednesday, its highest level since July, leading to a rally in the crypto market. Bitcoin is up over 9% in the past week, while ether rose about 7%. Solana and Dogecoin gained 10% and 15%, respectively. Crypto-linked stocks also saw gains. Coinbase climbed 7%, extending a three-day rally to 19%. Bitcoin miners Marathon Digital and Riot Platforms moved higher as well. A key factor in bitcoin’s more than 50% year-to-date rise is the launch of spot bitcoin ETFs in January, followed by ether ETFs in July.
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