---
title: "The high price of Bitcoin is beneficial for cryptocurrencies, boosting demand for Ethereum"
description: "The price of Bitcoin has returned to above $100,000, boosting investor confidence and driving demand for Ethereum. Joel Kruger, market strategist at LMAX Group, pointed out that Ethereum has risen ove"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/239564414.md"
published_at: "2025-05-09T12:05:41.000Z"
---

# The high price of Bitcoin is beneficial for cryptocurrencies, boosting demand for Ethereum

> The price of Bitcoin has returned to above $100,000, boosting investor confidence and driving demand for Ethereum. Joel Kruger, market strategist at LMAX Group, pointed out that Ethereum has risen over 30% this month, outperforming other cryptocurrencies and major traditional assets. Bitcoin rose 0.4% to $103,035, reaching a high of $104,324.39; Ethereum increased by 7.6% to $2,347.87, hitting a three-month high of $2,486.25

Joel Kruger of LMAX Group stated that Bitcoin's return above $100,000 helps to consolidate investor confidence. The market strategist noted that this is stimulating more demand for a broader range of asset classes and pointed out the rebound in Ethereum prices. So far this month, Ethereum has risen over 30%. Kruger mentioned that with this performance, Ethereum has outperformed all other cryptocurrencies and major traditional assets during this period. Data from the London Stock Exchange shows that Bitcoin rose 0.4% to $103,035, having reached a high of $104,324.39 during the session. Ethereum's price increased by 7.6% to $2,347.87, having hit a three-month high of $2,486.25 during the session

### Related Stocks

- [BTCW.US - WisdomTree Bitcoin Fund](https://longbridge.com/en/quote/BTCW.US.md)
- [03042.HK - CAM BTC](https://longbridge.com/en/quote/03042.HK.md)
- [03066.HK - FA CSOP BTC](https://longbridge.com/en/quote/03066.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| BREAKINGVIEWS-稳定币巨头是加密货币领域的脆弱基础 | Tether，全球最大的稳定币 USDT 的发行者，尽管面临监管挑战和市场波动，仍展现出韧性。其市值达到 1840 亿美元，主导着与美元挂钩的数字货币。然而，由于其股权缓冲减少，风险资产在其储备中所占比例增大，其财务稳定性受到质疑。如果市场 | [Link](https://longbridge.com/en/news/276411736.md) |
| 法国巴黎银行资产管理公司：发行了一种法国本土货币市场基金的代币化股份类别 | 法国巴黎银行：法国巴黎银行：探索公共区块链基础设施用于货币市场基金的代币化。法国巴黎银行资产管理：发行了一种在公共区块链基础设施上记录的法国本土货币市场基金的代币化股份类别。该项目涉及通过法国巴黎银行的 AssetFoundry 平台，在公 | [Link](https://longbridge.com/en/news/276445252.md) |
| Cipher Mining Inc. (CIFR) 是否是值得投资的最佳比特币和区块链股票之一？ | Cipher Mining Inc.（纳斯达克代码：CIFR）被认为是 11 只最佳比特币和区块链股票之一。该公司已任命 Drew Armstrong 为战略事务负责人，Lee Bratcher 为政策与政府事务负责人，任命将于 2026  | [Link](https://longbridge.com/en/news/276197343.md) |
| ShinyHunters 要求支付 150 万美元以避免泄露拉斯维加斯赌场和度假村连锁的数据 | 永利度假正面临来自网络犯罪团伙 ShinyHunters 的勒索，该团伙声称已窃取超过 80 万名员工的记录，包括社会安全号码。该团伙要求支付 150 万美元的比特币以防止数据泄露，并威胁如果在 2 月 23 日之前不满足他们的要求，将会造 | [Link](https://longbridge.com/en/news/276519440.md) |
| 在符文网络活动增加的背景下，C2 区块链将其 DOG（比特币）库存扩大至 6.807 亿枚代币 | C2 Blockchain Inc. 已将其 DOG（比特币）持有量增加至 6.807 亿个代币，反映出 1% 的增长。该公司强调其数字资产财库战略，专注于对比特币原生资产的严格评估。最近的分析显示，Runes 协议交易占比特币网络活动的  | [Link](https://longbridge.com/en/news/276444099.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.