Ether and Bitcoin show growth amid global changes

The value of the leading cryptocurrency has come close to its historical maximum, which was facilitated by the growing interest from institutional players and large corporations. An increase in the activity of corporate investors is observed not only in relation to bitcoin, but also in the entire digital asset market.

Bitcoin recorded an increase of 3.2% at the end of trading on Monday, breaking the $122,000 mark. This result is only slightly lower than the record set in mid-July. 

The introduction of new US tariffs on the import of gold bars has become an additional catalyst for the strengthening of cryptocurrencies. Problems with the supply of gold and the associated geopolitical risks have increased the popularity of bitcoin, which is seen as a universal asset free from customs duties and restrictions.

It is also worth noting the success of another major cryptocurrency. Ether showed steady growth over the weekend and at the start of the week, reaching levels above $4,300. This figure was the highest for the ether since December 2021.