Bitcoin and Ethereum have both hit new all-time high prices Monday, with Bitcoin going over $68,000 and Ethereum going over $4,800.
Meanwhile, the Biden Administration last week released a report proposing new legislation to regulate. And the chairwoman of the Federal Deposit Insurance Corporation said recently U.S. officials are looking to provide guidance on how banks and their clients can hold cryptocurrencies, according to reporting by Reuters.
The latest new highs for the biggest two cryptocurrencies follows the October launch of the first Bitcoin ETF available to U.S. investors. For Bitcoin, especially, the latest surge is a huge swing from where its value was a year ago, when it was around $15,000.