LMAX Group's Joel Kruger said Bitcoin's return above $100,000 would help bolster investor confidence. The market strategist said this is fueling more demand for a wider range of asset classes and points to a rebound in the price of Ethereum. So far this month, Ethereum has risen by more than 30%. With this performance, Ethereum has outperformed all other cryptocurrencies and major traditional assets during this period, Kruger said. According to data from the London Stock Exchange, Bitcoin rose 0.4% to $103,035, hitting an intraday high of $104,324.39. The price of Ethereum rose 7.6% to $2,347.87, hitting a three-month high of $2,486.25 in intraday time.

LMAX Group's Joel Kruger said Bitcoin's return above $100,000 would help bolster investor confidence. The market strategist said this is fueling more demand for a wider range of asset classes and points to a rebound in the price of Ethereum. So far this month, Ethereum has risen by more than 30%. With this performance, Ethereum has outperformed all other cryptocurrencies and major traditional assets during this period, Kruger said. According to data from the London Stock Exchange, Bitcoin rose 0.4% to $103,035, hitting an intraday high of $104,324.39. The price of Ethereum rose 7.6% to $2,347.87, hitting a three-month high of $2,486.25 in intraday time.