TechTrend Investments – November 12, 2024

In the latest episode of “Tech Trend Investments,” hosts Elizabeth Powell and Joseph Grassa discussed significant developments in the cryptocurrency market over the past week. Bitcoin reached an all-time high (ATH) of about $90,000, rising dramatically from around $66,000 a week prior, while Ethereum also saw substantial gains, going from about $2,200 to $4,400—an increase of approximately 50%. The hosts noted that Bitcoin may be replacing gold as a new standard for value, with more investors shifting their reserves into cryptocurrencies. They also highlighted that while the Dow Jones climbed 2% in the same period, the returns on cryptocurrencies drastically outperformed traditional stock market gains, showcasing the growing volatility and potential of the crypto market.