Today's crypto surge is generating significant excitement in the markets.
Bitcoin (BTC) is currently trading at $110,233, nearing its all-time high of $111,970 recorded on May 22. This upward momentum is attributed to several factors:
Institutional Investment: Notably, Michael Saylor's company, Strategy, recently acquired over 4,000 bitcoins, bringing its total holdings to 580,250 BTC, approximately 2.7% of Bitcoin's total supply.
Regulatory Environment: The Trump administration's favorable stance towards cryptocurrencies, including the establishment of a Strategic Bitcoin Reserve, has bolstered investor confidence.
Ethereum (ETH) is also experiencing a notable rise, currently priced at $2,667.81. This surge is partly due to the recent activation of its much-anticipated Pectra upgrade, marking a pivotal moment for the blockchain since the Merge.
The overall cryptocurrency market capitalization has risen to $3.48 trillion, with a 24-hour trading volume increase of over 16%, indicating heightened market activity.
While the current market trends are promising, it's essential to approach investments with caution and conduct thorough research. $BTC