Bitcoin Breaks New Record Highs, Ethereum Soars with Massive Investment

Bitcoin surged past its previous all-time high of $126,000 on October 7th, driven by substantial inflows into spot exchange-traded funds (ETFs) and declining cryptocurrency balances. This price spike highlights the ongoing supply crunch as institutional demand continues to drive market activity. Read more on this here: [link to source]. Meanwhile, Ethereum witnessed a significant rebound, exceeding $4,600 after a substantial investment of $820 million by BitMine.