Bitcoin Surges Above $78,000 as Ethereum and Other Cryptos Soar

Bitcoin has broken above $78,000 for the first time in three days, while Ethereum followed suit to touch $2,500.

XRP climbed above $1.30 and Dogecoin jumped roughly 6% in price.

Ripple's Chief Legal Officer Stuart Alderoty said that politics took precedence over crypto policy this week, but argued that the approximately 67 million Americans who own or use cryptocurrency are not going anywhere.

Industry expert Scott Melker predicted about a month ago that 'crypto is about to explode,' and he believes the long-term outlook for Bitcoin remains strong due to spot ETFs, governments discussing strategic reserves, Bitcoin mining, and growing adoption of blockchain infrastructure.