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The cryptocurrency market is stirring again... Bitcoin and Ethereum both show strength
Source: DigitalToday Original Title: The Cryptocurrency Market Stirs Again… Bitcoin and Ethereum Rally Together Original Link: Bitcoin, the leading cryptocurrency, has surpassed $92,000. As of 8:30 AM (local time) on the 10th, Bitcoin (BTC) is trading at $92,791, up 2.11% from the previous day. Bitcoin briefly exceeded $94,000 overnight. Bitcoin’s market dominance stands at 57.67%.
Ethereum (ETH) also rose 6.28% to $3,323, showing a strong performance. As a representative cryptocurrency alongside Bitcoin, Ethereum’s recent clear upward trend is attracting investor attention.
In addition, major altcoins such as Cardano (ADA, +8.46%), Solana (SOL, +3.41%), and Litecoin (LTC, +3.21%) also rose across the board. In particular, Cardano reflected market expectations by recording an increase of over 8% to $0.46. Binance Coin (BNB) is moving sideways at $900 with no price change. Dogecoin (DOGE), classified as a memecoin, also rose by 3.97% to $0.148317, signaling a recovery in investor sentiment.
The overall positive trend in the cryptocurrency market today appears to be influenced by external economic factors. As U.S. financial authorities officially allowed banks to act as intermediaries for cryptocurrencies, institutional trust is spreading throughout the market.
The U.S. Office of the Comptroller of the Currency (OCC) issued guidelines permitting banks to act as intermediaries in cryptocurrency transactions. Notably, major financial institutions have expanded crypto product access for asset management clients. As a result, buying pressure from institutions and high-net-worth individuals for major coins such as Bitcoin and Ethereum is believed to have driven the upward trend.