The high price of Bitcoin benefits cryptocurrencies, boosting demand for Ethereum.

LMAX Group's Joel Kruger said that Bitcoin returning above $100,000 would help solidify investor confidence. The market strategist stated that this is sparking more demand for a wider range of asset classes and noted the rebound in Ethereum prices. So far this month, Ethereum has risen by over 30%. Kruger stated that with this performance, Ethereum has outperformed all other cryptocurrencies and major traditional assets during this period. London Stock Exchange data shows that Bitcoin rose by 0.4% to $103,035, reaching a high of $104,324.39 during trading. Ethereum's price rose by 7.6% to $2,347.87, reaching a three-month high of $2,486.25 during trading.