Bitcoin Nears All-Time High Amid Calm Market; Ethereum Staking Hits New Record

Bitcoin is currently trading near its all-time high of approximately $109,000. This surge is fueled by a calm market environment and less selling pressure, signaling strong confidence among investors. Institutional players remain steadfast in their positions anticipating further price appreciation. Supporting this bullish trend, Bitcoin reserves on exchanges have noticeably decreased, while a significant influx of stablecoins into Binance suggests preparation for direct Bitcoin purchases.

Key support levels for Bitcoin are identified at $103,700 and $97,100, providing solid foundations for the cryptocurrency's price.

In the Ethereum ecosystem, staking has reached an unprecedented milestone with 34.8 million ETH staked, accounting for about 28.15% of the total ETH supply. Lido retains its leadership in the staking market, followed by Binance and Coinbase, though its market share has slightly declined. This surge in staking activity fuels market optimism, reflected in a 9.5% rise in Ethereum's price, which recently hit $2,758 driven by increased trading volume.

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Stay tuned to Bitlet.app for more updates and opportunities in the dynamic crypto market.