Institutional Investments Drive Ethereum Price Surge & Stablecoin Market Growth

A recent surge in institutional purchases of Ethereum is driving a substantial increase in both its price and the stablecoin market cap. Last week alone, institutions invested $4.7 billion into ETH, leading to a 30% price jump and a corresponding $6.72 billion growth in the stablecoin market. Key players involved include BlackRock and Bitmine, with their large-scale investments fueling this trend.