Bitcoin has shattered expectations by reaching a new all-time high of $116,339, marking a 4.79% gain in the last 24 hours and extending its weekly advance to nearly 6%.
The rally pushed Bitcoin’s market capitalization above $2.31 trillion, reinforcing its dominance in the crypto sector.
Meanwhile, Ethereum has also seen impressive momentum, jumping over 7.5% on the day to trade at $2,953. This brings its seven-day gain to almost 14%, as investor confidence returns to major altcoins. Ethereum’s daily trading volume has spiked to $29.6 billion, significantly higher than Bitcoin’s $89.1 billion turnover, signaling renewed interest in ETH-driven ecosystems.
The market-wide surge comes amid growing optimism over institutional adoption and macroeconomic conditions perceived as favorable for digital assets. Ethereum’s performance, in particular, reflects renewed interest in decentralized applications and upcoming network upgrades.
With both top cryptocurrencies showing strong upward trajectories, traders and investors are watching closely to see if this breakout marks the beginning of a sustained bull run.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/bitcoin-hits-new-record-over-116000-as-ethereum-surges-past-2950-in-strong-market-rally/