BTC, ETH Tap Near-Yearly Highs as Market Cap Eyes $1.3T (Market Watch)

Bitcoin initiated another leg up in the past 24 hours, resulting in tapping $31,000 for the first time since early June 2022.

ETH has also been on a roll since the Shapella upgrade, and the asset charted an 11-month high at over $2,100 earlier today.The start of the week was quite uneventful for bitcoin, which had continued its weekend stagnation and stood primarily around $28,000. However, as Monday was coming to its end, so did BTC’s lack of movement.

The cryptocurrency skyrocketed first to $29,000 and then to and beyond $30,000 for the first time in ten months. Then came the CPI numbers for March, which were lower than the previous two months. Thisto around $30,000. The bulls stepped on the gas in the past 24 hours, pushing the cryptocurrency north once more. This time, bitcoin skyrocketed to over $31,000, marking yet another ten-month peak.This is all you need not to miss any price action in the raging crypto markets.

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