Bitcoin soared past $43,000 Tuesday afternoon, extending a rally some crypto analysts say is just the beginning. 

Bitcoin, up more than 160% year-to-date, hit highs not seen since April 2022 Tuesday, rallying close to 4% in 24 hours. Ether (ETH) similarly posted gains of close to 3%, moving the price to just under $2,300, also a level not hit since April 2022. 

“[Bitcoin] dominance has risen as Bitcoin has strengthened its position as a global macro asset and demand for alternative stores of value has increased,” Hal Press, founder and CEO of North Rock Digital, wrote in a recent market outlook. “Demand has been mainly driven by [bitcoin] BTC’s more consistent price…

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