Is Bull Market Coming? Bitcoin Above $31K While Ethereum Nears $2K

• Bitcoin price crossed the $31,000 mark, while Ethereum is nearing the $2,000 milestone.
• BlockRock and other several companies refiled the Bitcoin ETF application.

Bitcoin (BTC) and Ethereum (ETH) the crypto giants in the market showing positive momentum with significant price rally. The king of the global crypto market Bitcoin crossed an impressive $31,350 range. Similarly, the second largest cryptocurrency Ethereum nearing the $2K mark.

The surge in Bitcoin’s price can be attributed to the renewed interest generated by several prospective Bitcoin ETF issuers who resubmitted their applications. This development sparked a rally in the world’s largest digital asset. BTC price surpassed the $31,000 level and reached $31,350. ETH price climbed to $1,980, which is the highest since April 17. 

Top Cryptos Bitcoin & Ethereum Price Status

At the time of writing, BTC traded at $31,021.58, with a 24 hour trading volume of $16 billion, surged over 38%. Over the course of a single day, the BTC price surged by more than 1.5%, and over the span of a week, it recorded a 3% increase. Moreover, since the beginning of the year, the top cryptocurrency price also witnessed an impressive surge of over 89%.

On the other hand, Ethereum traded at $1,955.40, displaying a 24-hour trading volume of $6.7 billion. In the past 7 days, the price of ETH rose by approximately 4.5%, and since the beginning of 2023, it has experienced a significant increase of 63%.

These remarkable price rallies indicate a renewed wave of optimism and interest in the cryptocurrency market, as both Bitcoin and Ethereum continue to attract attention and investment from traders and investors alike.

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