Bitcoin (BTC) and Ethereum (ETH), two popular cryptocurrencies, have gone up a lot in value over the past week. Bitcoin is now worth $92,450 after rising by 8.3%, and Ethereum is at $3,420 after increasing by 6.7%, according to information from CoinMarketCap.
This rise in value is happening because more big companies are starting to invest in cryptocurrencies, and people are feeling more confident about them again.
Experts believe that the increase is partly due to well-known financial companies, like BlackRock, making moves to expand their investments in Bitcoin and more hedge funds putting money into Ethereum.
There is also some good news about regulations in the U.S., as the SEC approved new rules for cryptocurrencies, which has made investors feel more positive about the market.
Netizens and investors show that people are hopeful, with some thinking Bitcoin could reach $100,000 by the middle of 2025.
However, some worries still exist about how quickly the market can change. Experts warn that factors like inflation and rising interest rates could affect prices in the future.
Currently, the total value of all cryptocurrencies combined is $2.9 trillion, showing an increase of 5.1%.
