Bitcoin's High Price Bodes Well for Crypto, Boosts Demand for Ethereum -- Market Talk

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1155 GMT - Bitcoin trading back above $100,000 is helping to solidify investor confidence, says LMAX Group's Joel Kruger in a note. It is inspiring additional demand for exposure to the broader asset class, the market strategist says, noting the resurgence in the price of Ethereum. Ethereum has rallied more than 30% already month-to-date. With that it has outperformed all other crypto and major traditional assets over this time horizon, Kruger says. Bitcoin rises 0.4% to $103,035, having hit a high of $104,324.39, LSEG data show. The price of Ethereum jumps 7.6% to $2347.87, having hit a three-month high of $2486.25. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

May 09, 2025 07:55 ET (11:55 GMT)

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