Bitcoin Eyes Potential $125,000 Breakout as Ether Hits Seven-Month High Amid Market Consolidation

Key Points

1. Bitcoin (BTC) is trading near $118,000, with potential for a breakout toward $125,000 if it maintains support between $116,000 and $117,000.

2. Ether (ETH) has surged to a seven-month high, trading above $3,750, reflecting robust demand and a strong upward trajectory.

3. Market analysts highlight Bitcoin's consolidation phase and Ether's recovery as key indicators of current market sentiment.

4. Ethereum has surpassed the Vanguard Group in market value, climbing to 28th position, marking a significant milestone.

5. Bitcoin ETF inflows continue to influence market dynamics, with potential price boosts from significant BTC influxes.