The cryptocurrency market is showing a steady rise, with both Bitcoin and Ethereum reaching new records. Investors are monitoring developments closely.
Bitcoin Surpasses $108K
Bitcoin (BTC) today surpassed the $108K mark, marking a 2.16% increase over the past 24 hours, with a trading volume of nearly $49.79 billion. After breaking above a descending trendline over the weekend, BTC is now testing resistance levels. Analysts predict a potential push towards $110,000, which may lead to a new all-time high later this week.
Ethereum Continues to Rise
Ethereum (ETH) continues to exhibit a strong upward trend, surging past $2,550. Institutional interest, particularly BlackRock’s acquisition of over 150,000 ETH in just 10 days, signals robust demand. Prices are expected to target $2,600-$2,700 as the next milestone.
Altcoins Display Uncertainty
While Bitcoin and Ethereum lead the charge, altcoins show varied performances. Solana (SOL) is trading near $156 while XRP remains around $2.3. Top performers include KAIA, Fartcoin, and TAO, whereas DEXE is the biggest loser today, declining over 12% in the past 24 hours.
The crypto market is demonstrating positive trends, and institutional interest could drive further growth. Investors remain attentive to the dynamics of both major cryptocurrencies and altcoins.
