Bitcoin Approaches $100K Mark for the First Time Since February, While Ethereum Hits Monthly High (Market Analysis)

The value of Bitcoin has nearly reached $100,000, a level it hasn't seen since February, following a swift recovery from a significant drop to under $75,000 a month ago. This recovery, attributed to improved global economic conditions and promising statements from the US President regarding trade talks, saw Bitcoin add $20,000 to its value.

Ethereum also saw notable gains, surpassing $1,900 for the first time in over a month. Both coins have contributed to an almost $100 billion surge in the total crypto market cap, which now stands at $3.2 trillion.

Other cryptocurrencies, including XRP, SOL, ADA, TRX, AVAX, and XLM, have seen gains of 2-4%, while DOGE, LINK, and SUI have increased by up to 7.5%.