Ethereum Surges 7%, Reaches New Highs as $116 Billion Flows Into Crypto Market

Over the past 24 hours, a significant influx of $116 billion has entered the global cryptocurrency market. This surge in capital contributed to Ethereum’s price surge, with analysts attributing it to the shift towards altcoins over Bitcoin. The ETH price climbed approximately 7% earlier today, closing in on its all-time high, and breaking past the $4,500 mark as a result of increased market capitalization.