Bitcoin and Ether are in the green as the broader cryptocurrency market makes a positive start to the week. Bitcoin has crossed the $81,000 barrier while Ether is slowly approaching $2,400. The growing institutional adoption could push ETH’s price higher in the near term. Institutions continue to accumulate Ether Ether is trading at $2,380, up by less than 1% in the last 24 hours. The positive performance comes as institutional investors continue to accumulate Ether. Ethereum treasury firm BitMine Immersion Technologies (BMNR) announced on Monday that it purchased 101,745 ETH last week. The purchase has lifted the company’s holdings to 5.18 million ETH, establishing its position as the largest corporate ETH treasury.
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