Bitcoin recently staged a textbook breakout, surging past its previous all-time high near $112,000 and reaching new highs above $123,000. While the world’s largest cryptocurrency has cooled slightly, it continues to consolidate just above its former resistance, now likely acting as a key support zone. With Bitcoin still up roughly 24% year-to-date, investors and traders are closely watching to see if momentum returns for a fresh leg higher.
Ethereum, meanwhile, has come roaring back into focus. The world’s second-largest cryptocurrency has risen nearly 50% over the past month, driven in part by a surge in treasury announcements and a resurgence in investor interest. As Ethereum approaches key resistance levels of its own, institutional and retail interest continues to grow. The recent launch of Ethereum-related ETFs and treasuries has further supported the momentum.
