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Bitcoin and Ether Are on Track for Their Best Month Since 2021

  • Bets on slower Fed rate hikes lifted range of riskier assets
  • Ethereum-linked tokens benefiting from planned network upgrade
Updated on

Bitcoin and Ether, the world’s two largest digital tokens, are headed toward their best month since 2021 amid a revival of risk appetite in global markets and optimism about an Ethereum network upgrade.

Bitcoin is up 28% in July and Ether 70%, though their rallies paused Friday. Both were little changed, with Bitcoin at about $23,950 as of 5 p.m. in New York and Ether hovering around $1,730.