Bitcoin and Ethereum registered substantial price gains, with Bitcoin exceeding $114,000 and Ethereum clearing the $3,500 barrier on August 4. These movements signal a resurgence of bullish momentum across cryptocurrency markets as confidence in core digital assets strengthens.
Bitcoin climbed to $114,345, reflecting a 1.74% daily increase that underscores a robust start-of-month recovery. Traders see this rebound reinforcing Bitcoin’s position as a long-term value store amid expanding market participation.
Ethereum concurrently rose to $3,514—a 3.98% 24-hour surge attributed to persistent investor confidence fueled by successful network upgrades. The second-largest cryptocurrency continues demonstrating heightened utility within decentralized ecosystems.
The synchronized advances highlight accelerating institutional and retail demand for cryptocurrencies. Market analysts interpret the momentum as a potential indicator of sustained upward trajectory, suggesting strategic entry points while emphasizing monitoring key technical levels for trend validation.