Bitcoin Approaches $98,000 and Ethereum Staking Reaches $120 Billion Record as Market Shows Bullish Momentum

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Bitcoin neared $98,000, up 2.2% in 24 hours, while Ethereum hit a record $120 billion in staked tokens, with 30% of its supply now locked, reflecting overall positive market momentum and analyst predictions of further ETH price surges.

Bitcoin's gradual price ascent continued, with the asset tapping $98,000 for the first time in approximately two months and currently sitting around $97,000, reflecting a 2.2% increase in the past day. The global cryptocurrency market cap is up 1.09% over the last 24 hours. Concurrently, Ethereum has achieved a new milestone, with 30% of its circulating tokens now staked, representing a substantial $120 billion bet on the blockchain network. Bitmine, the largest Ethereum treasury, locked up an additional $600 million in Ethereum on Wednesday, bringing its total staked holdings to approximately $6 billion. Analysts anticipate further price surges for Ethereum, with one institution forecasting it could reach $40,000 by 2030.

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