The price of bitcoin cash and ether also rose in the past 24 hours.
Bitcoin sellers are expected to cover positions, which could lead to higher prices next week.
A theory about how NFT sales are sinking ether's price emerges in a dull market.
Bitcoin is holding up following a strong bounce from $30,000 support.
Bitcoin and other cryptos rallied as Musk boosted bullish sentiment during The B Word conference.
The tech entrepreneur and provocateur said he personally owns bitcoin, ether and, naturally, dogecoin.
The Federal Reserve chief signaled the U.S. central bank isn’t likely to dial back monetary stimulus anytime soon.
Ether is attempting to break above the 50-day moving average for the first time since March.
Ethereum gas fees have abated with decreasing network congestion. Also, there's Flashbots.
Net outflows from cryptocurrency funds totaled $44 million for the week ending June 25, marking the fourth consecutive week of redemptions.
Bitcoin is recovering from a volatile shakeout. Options expiry has large open interest around $40K.
Bitcoin gave up some gains on Wednesday, suggesting the short-squeeze rally is fading.
Selling options, be it a put or a call, is better suited for institutions with ample capital and a high-risk tolerance.
DOT was one of the day's biggest winners.
CME's bitcoin futures goes into "backwardation" and BTC inflows to exchanges rise as China "FUD" continues.