Ethereum Leads Crypto Market Rally with a 3% Increase

In a notable uptick in the cryptocurrency market, Ethereum has emerged as the frontrunner, recording a 3.07% gain early Friday. This surge is attributed to heightened institutional demand, with BlackRock Inc. leading the charge in inflows.

Market Snapshot: Ethereum and Bitcoin Prices

At 6:59 am ET, Ethereum was trading at $2,626, showcasing its resilience and appeal among investors. Meanwhile, Bitcoin remained relatively stable, with its price hovering around $103,838.

This development underscores the growing confidence among institutional investors in the cryptocurrency space, signaling potential for further growth.