The post Bitcoin and Ether Lead Top Crypto Gainers; Can BTC and ETH Inspire XRP, Solana, Cardano, Shiba Inu? ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Bitcoin and Ethereum have led top crypto asset gainers following the last price rebound. Most traders expect a positive run based on both assets, citing growing institutional demand and the decentralized finance (DeFi) ecosystem. At press time, the total crypto market cap stands at $3.7 trillion, a 2.97% surge in the last 24 hours. BTC And ETH Dominate Inflows In the last 24 hours, Bitcoin hit a new all-time high above $106K before a slight correction as bulls project higher gains. The asset is up 2.8% today, while weekly numbers soared 5% amid long-term whale acquisitions. On the institutional front, BTC products attracted $2 billion inflows in the last seven days, raising total assets under management (AUM) to $135 billion. Bitcoin’s dominance is largely due to increasing institutional crypto investment. This year, fund flows have hit new highs, resulting in a similar price pattern for the asset. In Q1 2024, Bitcoin hit an all-time high above $73K and soared past $100k following the US Presidential elections. Donald Trump’s anticipated crypto push fuels the recent BTC movement. Talks about a strategic Bitcoin reserve in the United States have led to whales accumulating more assets. Generally, a jump in Bitcoin price affects the wider market with inflows to altcoins and meme tokens. Fund rotation away from BTC to altcoins can be characterized as the start of the altcoin season. Like Bitcoin, Ethereum leads top crypto gainers with a 2.5% daily inflow alongside rising institutional volumes. The leading altcoin maintains its drive in addition to bullish speculations above $5,000. ETH trades at $4,049 as bulls take its market cap to $487 billion. Advertisement   Ethereum recorded its consecutive seventh week of institutional inflow, which took figures in the last seven days to $1 billion. Overall, the asset’s AUM stands at…