However, ether will likely capture more hype and mindshare in the coming months on a potential ETF listing, one analyst said.

Bitcoin's uptrend is supported by strong trading volumes, a bullish sign for continuation, a FalconX report said.

Higher crypto prices will have a positive effect on the exchange’s revenue, the analysts said.

The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 16, 2024.

Bitcoin has managed to chalk out a double-digit rally recently, ignoring the strength in the dollar index and Treasury yields.

Bitcoin has rallied 35% in three weeks, with mining reward halving due in April.

While the new spot bitcoin ETFs have received billions in net inflows since opening for business on Jan.

Massive inflows into spot bitcoin ETFs made headlines recently, but there are other metrics that showcase U.S.