Bitcoin (BTC)
Bitcoin records a significant increase and approaches the $120,000 level, supported by investor confidence following the release of inflation data in the United States.
According to BeInCrypto, the price has surpassed $120,111, which is higher than its previous peak.
Moreover, prices surged to over $122,000 earlier yesterday thanks to the entry of "Nakamoto Holdings Inc." into the market as one of the potential large buyers.
Ethereum (ETH)
Ethereum breaks the $4,500 barrier, as part of a bullish wave driven by expected inflation data.
According to reports such as Blockworks, the current price is estimated at around $4,598, an increase of about 8.8% in the last 24 hours.
Strong reception from institutions: investment funds and reserve funds have raised their holdings of ETH to nearly 8% of the total circulating supply, valued at approximately $31.9 billion.
Additionally, the rise is supported by increased interest in futures (open interest) and unprecedented trading levels.
Other reports indicate that major companies have expanded their ETH reserves, reaching $13 billion in corporate holdings alone.
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