The price of Bitcoin reaches its peak since July, lifting up other cryptocurrencies and related stocks.

• Bitcoin's price reached a high of $68,400 on Wednesday, its highest point since July.
• The gains in other cryptocurrencies and related equities such as Coinbase and Marathon Digital were triggered by the rally.

On Wednesday, the price of neared $68,400, its highest level since July, and triggered a rally in the crypto sector.

Over the past week, Bitcoin has experienced a rise of over 9%, while other popular coins, including solana and dogecoin, have also seen significant gains, with solana up nearly 10% and dogecoin up an impressive 15%.

Crypto-pegged stocks have seen gains that have led to a 7% increase in digital asset exchange on Wednesday, resulting in a three-day rally of 19%. The stock has reached its highest point since August.

Bitcoin miners and also moved higher on Wednesday.

The 53% increase in bitcoin's value this year can be attributed to the launch of new spot bitcoin exchange-traded funds in January, which attracted a large number of new investors. Ether ETFs were introduced in July, further boosting the cryptocurrency market.

According to Samara Cohen, the chief investment officer of ETF and index investments at , 80% of buyers of its iShares Bitcoin Trust (IBIT) are direct investors. Among these direct investors, 75% have never owned a BlackRock ETF, she stated.

"Cohen stated that the expectation for our journey was to educate ETF investors about crypto, particularly bitcoin. However, we have found that we have mainly educated crypto investors on the advantages of using the ETP wrapper."

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