The cryptocurrency market is experiencing a bullish surge as both Bitcoin and Ethereum break past record highs, indicating a potential for significant price movement. Bitcoin ($BTC) has reached an impressive $121,971.63, signifying a 2.90% price increase within the last 24 hours. This surge comes alongside a substantial increase in trading volume, reaching nearly $74.36B. Contributing factors include the growing interest in Bitcoin’s spot ETFs and renewed retail investor activity, leading to a market capitalization of $2.42T. Meanwhile, Ethereum ($ETH) is currently trading at $4,327.04, showing a 1.89% rise within the same timeframe, further fueling market expectations.