Bitcoin Nears $110K with Institutional Demand and Ethereum Follows Above $2.6K

Bitcoin ($BTC) and Ethereum ($ETH) are making considerable progress as the latest price statistics confirm. The data reveals that Bitcoin has recently touched the $110K mark while Ethereum has also surpassed $2,600 when it comes to price. This development takes place amid the increasing demand among the institutional investors.

$BTC Hovers Around $110K While Endeavoring to Attain New ATHs Amid Rising Institutional Demand

The top crypto coin, $BTC, is making a substantial recovery after a slight dip following attaining the $110,000 spot. In this respect, its price has effectively reached $109,122.86. This price level indicates a 0.13% jump over the past twenty-four hours. Apart from that, based on the 7-day performance of the flagship cryptocurrency, it has surged by 1.49% over the week.

Additionally, the 1-month price movement of Bitcoin ($BTC) discloses a noteworthy 3.4%. In the same vein, the market capitalization of the top crypto asset stands at $2.16T, expressing a 0.15% spike over past 24 hours. However, the 24-hour volume of Bitcoin currently accounts for $48.51B, denoting a 12.31% decrease. Even then, the gradual uptrend in price and market cap raises optimism for Bitcoin’s movement toward exclusive all-time highs (ATHs).

$ETH Sees Continuous Upsurge Amid Positive Market Outlook

At the same time, Ethereum ($ETH) is now changing hands at $2,575.02 . This shows a 0.27% price increase over 24 hours. In addition to this, the market capitalization of Ethereum is $310.84B, underscoring a 0.27% increase. Nonetheless, with a 23.2% dip, its 24-hour volume accounts for $18.87B. Simultaneously, the weekly price performance of the top altcoin displays a huge 5.07% increase.

On the other hand, the 30-day price movement of $ETH shows a 1.98% decrease. Nevertheless, despite this, the latest price upsurge and market cap uptrend favor Ethereum’s positive outlook. Overall, the continuous rise in institutional demand and interest is driving the price uptakes of $BTC while $ETH is also following in its footsteps.