Why Bitcoin, Ethereum, and Cardano Are Rocketing Higher Today

It's been another solid day in the crypto world, with headlines that the aggregate value of all cryptocurrencies has once again passed the $1 trillion threshold, bolstering investor confidence in this sector.

This surge higher has been driven, in large part, by recent moves in Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Cardano (CRYPTO: ADA). As of 10:15 a.m. ET, these three top-10 tokens were up 4.1%, 9.1%, and 9.4%, respectively.

While Bitcoin's solid momentum over the past week, fueled by what appears to be renewed bullish sentiment and strong demand for digital currencies, is garnering headlines, it's Ethereum's outsize moves higher that have grabbed most investors' attention. Last Thursday, Ethereum started rising on news that a tentative date of Sept. 19 has been set for "the merge," which will combine Ethereum's mainnet and Beacon Chain, creating a proof-of-stake blockchain. Since Thursday morning, Ethereum has surged more than 35% at the time of writing.

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Source Fool.com