$BTC Ether$ETH , Dogecoin Surge, Outpaces Bitcoin as DeFi Comments Spurs Bullish Mood

Ether outpaces bitcoin on fresh institutional inflows and rising demand for tokenization, signaling a potential push towards its all-time high.

What to know:

$BTC

Bitcoin surged more than 3% above $110,000 nearing its all-time high, while Ethereum's ETH rose 3.2% to over $2,620.

Hyperliquid's HYPE and SUI tokens outperformed, gaining 7% and 4.5% respectively, amid flat traditional markets.

Bitfinex analysts said BTC is on steadier footing after last week's leverage flush, but is at a critical juncture awaiting macroeconomic catalysts.