Bitcoin Records New ATH, Raising Speculations for Further Price Upsurge
In line with the new market data, Bitcoin ($BTC) is currently changing hands at $118,403.89 after setting the latest ATH of $118,403.89. This denotes a noteworthy 4.85% upsurge over the past twenty-four hours. In addition to this, the market capitalization of the top cryptocurrency has also jumped by $2.31T, reaching $2.31T. Similarly, the 24-hour volume of Bitcoin has touched the $101.86B spot, accounting for a 66.54% increase during the same time.
Apart from the 24-hour price growth, the weekly performance of the flagship crypto asset is also optimistic. In this respect, Bitcoin ($BTC) has witnessed a notable 6.89% spike over the past seven days. Additionally, the 30-day price outlook of Bitcoin is also attention-grabbing as it has recorded a 6.5% rise over the past month.
Ethereum Jumps 6.74% While Moving Closer to All-Time High
At the same time, Ethereum ($ETH) has also made considerable progress. The top altcoin is now trading at $2,967.80, denoting a 6.74% price surge over the past 24 hours. Although the respective price level is significantly lower than Ethereum’s ATH of $4891.70, it still expressed a noteworthy jump amid overall growth in the crypto sector.
Keeping this in view, Bitcoin’s price spike to the exclusive all-time high has proven to be a driving force behind the overall market growth. Hence, the market onlookers expect Bitcoin ($BTC) to touch the milestone of $130K in the near term. In the meantime, the traders are keenly watching for crucial catalysts that could push the next upward spree.
