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Bitcoin and Ethereum Prices Soar 10%, How High Could They Go?

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On January 22, the leading cryptocurrencies such as Bitcoin and Ethereum are on a rise, having surged nearly 10% in the last seven days.

Bitcoin is holding over $23,000 and Ethereum is up to trade above $1,650. Bitcoin experienced a significant upswing and some possible contributors to this phenomenon include whale activity, public buying, and cryptocurrency's potential for disrupting financial services.

The crypto market's stability has returned after a long period of volatility and many people are now positive about the coin's future.Santiment reported that, of the $1 billion+ accumulation that occurred over the past 15 days, a majority was from 1-1000 BTC transactions.

In addition, coins held by whales with 1000 - 10,000 BTC holdings accounted for 83% of the accumulation.Aptos (APT), Optimism (OP), and ApeCoin (APE) were the top performers in the last 24 hours.

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