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Image Credit: Coindoo

Bitcoin Breaks New Record in Realized Cap, Ethereum Follows With Strong Momentum

  • Bitcoin's Realized Cap surpasses $900 billion for the first time ever, fueled by its surge to over $107,000 close to its all-time high.
  • Investors are capitalizing on profits as profit-taking activity increases, with $11.4 billion locked in over the past month, including $747 million in realized profits in a single day.
  • Ethereum experiences an impressive rally post successful Pectra upgrade, with notable daily gains and speculation on a potential trend reversal.
  • Glassnode identifies the $2,400 to $2,900 range as crucial resistance for Ethereum, with a breakthrough potentially leading to sustained upward movement in the altcoin market.

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