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Bitcoin and ether hit record highs as bull cycle intensifies

Key facts:
Bitcon consolidates its position above $ 1 trillion in capitalization.
Ether has appreciated almost 250% since the beginning of the year.

The first two cryptocurrencies by market capitalization, bitcoin (BTC) and ether (ETH), have registered new all-time highs in recent hours, amid recent events that have contributed to reinforcing the upward cycle of the crypto market. This Wednesday, April 14, bitcoin registered a new high of $ 64,671, while ETH surpassed $ 2,500 this afternoon for the first time.

The expected inclusion of Coinbase in Nasdaq this Wednesday, reported by CriptoNoticias, resulted in a boost for the cryptocurrency market, which had come from exceeding 2 trillion dollars of capitalization.

In the particular case of bitcoin, the flows of BTC leaving the exchanges towards cold wallets in the hands of long-term holders also influenced the achievement of this new historical maximum, as reported in this medium.

For this Thursday, April 15, there were great expectations for the scheduled Ethereum fork, called Berlin. Despite some delays in syncing a minority group of nodes, the update was successful. During the day, Ether registered a sustained rebound, reaching USD 2,544 at 7:30 pm (UTC-4).

On the other hand, there has been an appreciation of ETH against BTC in the last 24 hours. The price of ETH in BTC went from 0.03841 to 0.04001, an appreciation of 4.14%.

Institutional investment in bitcoin, which intensified in 2020, has continued this year. On the other hand, Ethereum has benefited from developments in decentralized finance (DeFi) and, more recently, from the great boom in non-fungible tokens (NFT), according to an analysis published this Tuesday, April 13 by CryptoNews.

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