Updated Market Overview
Bitcoin ($BTC) has recently reached a new all-time high of $124,000, supported by increased institutional inflows and optimism around the U.S. rate cuts, and strong demand through spot ETFs. Its position as the leading store of value in the digital asset space remains unmatched, with growing interest from sovereign and corporate treasuries.
Ethereum ($ETH) is also gaining significant momentum, currently trading above $4,780, approaching its 2021 peak. Institutional adoption is accelerating, with companies integrating ETH into their balance sheets, leveraging staking for yield, and utilising its network for DeFi, tokenisation, and smart contracts. The recent “Pectra” upgrade has improved scalability and transaction efficiency, strengthening Ethereum’s position as the leading smart contract platform.
Both assets are benefiting from favourable macroeconomic and regulatory trends in the U.S., including ETF approvals and broader acceptance of digital assets. While Bitcoin maintains dominance as a scarce, secure store of value, Ethereum continues to expand its role as the foundation for decentralised applications and blockchain innovation.
