Ethereum experiences record inflows and strategic purchases, while Bitcoin remains stable, contributing to overall market optimism.
The cryptocurrency market shows Bitcoin priced at $117,650, down 0.51%. Ethereum saw significant inflows of 677,000 ETH worth $2.18 billion last week, raising total assets under management to a record $15.5 billion. Ethereum's price surged by 27%, driven by strategic purchases from SharpLink Gaming, now the largest single holder of ETH. Upcoming Ethereum network upgrades are expected to enhance scalability and security.