Ethereum (ETH) edged closer to its all-time high on Monday, rising above $4,300 following another round of fresh buying pressure from corporate entities focused on accumulating the top altcoin as their primary treasury asset.
Bitcoin (BTC) surged to $122,200 on Monday, inching closer to its all-time high of $123,091 before settling at $120,000. The rally preceded Trump Media and Technology Group's (DJT) amendment to its S-1 registration statement for a proposed spot Bitcoin exchange-traded fund (ETF).
In a note to investors on Tuesday, Bitwise Chief Investment Officer (CIO) Matt Hougan stated that several Layer-1 tokens and crypto-focused stocks present a strong investment opportunity following the Securities & Exchange Commission's (SEC) Project Crypto initiative.