Ethereum Soars to 2021 Highs, Bitcoin Nears All-Time High: Market Update

Bitcoin (BTC) has seen a significant price hike in the past day, nearing its all-time high, while Ethereum (ETH) has surged to its highest level since 2021, pushing its market capitalization beyond $520 billion. BTC's rise, partially triggered by an upcoming meeting between U.S. President Donald Trump and Russian President Vladimir Putin, has resulted in a market cap of $2.42 trillion, making it the sixth largest asset globally.

ETH's rally has seen it exceed $4,300, a 44% monthly increase, surpassing the market cap of companies such as Netflix and Mastercard. Meanwhile, other altcoins such as XRP, LTC, HYPE, CRO, and ENA have also recorded significant price increases. The total crypto market capitalization hit a new high of around $4.14 trillion, up 2% from yesterday.