Bitcoin and Ether, which moved horizontally in the last 3 days when the exchanges were closed, recorded significant increases as of Tuesday afternoon. After more than two years, Bitcoin hits over $53,000, while Ether surpassed $3,000.

On December 4, 2021, Bitcoin and Ether both last surpassed these amounts on April 26, 2022.

The whole cryptocurrency industry is now valued more than $2 trillion.

The increases began shortly before the opening of US stock markets

Approximately forty minutes before the US stock markets opened, the two cryptocurrencies experienced increases. US stock markets were closed on Monday for President’s Day.

US ETFs and other cryptocurrency funds closed last week with $2.45 billion in net investments. The increases appear to indicate on the first trading day of the new week, Bitcoin and Ether are expected to maintain their currently strong positions.

Bitcoin spot ETFs in the US have received more than $5 billion in net investments since they opened for trading on January 11. Although there has been an outflow of more than $ 7 billion from Grayscale, the increased interest in these ETFs led by BlackRock and Fidelity is seen as the biggest factor supporting the rise in Bitcoin.