Ether Surges 21% as Bitcoin Approaches Record Highs
Crypto markets opened positively on Monday. Key highlights include:
- Ether (ETH) increased over 21% in the past week, reaching $4,300.
- Bitcoin (BTC) rose by 3%, nearing record highs.
- Other cryptocurrencies like Solana (SOL), XRP, dogecoin (DOGE), and BNB also experienced minor gains.
- The S&P 500 and Nasdaq recovered, with the latter setting a new record.
- ETH's implied volatility has significantly increased, while BTC remains at all-time lows.
- Heavy inflows into ETFs and pro-crypto regulations support ETH’s upward trend.
- Traders anticipate further price increases for both BTC and ETH, dependent on external economic factors.