Market update: Bitcoin and Ethereum rule the market

It was finally here: Bitcoin broke through the $100,000 mark last night, while Ethereum is on its way to the $4,000 mark.

In the early morning hours, Bitcoin reached a new all-time high of $103,679. With a six percent increase on a daily basis, the largest cryptocurrency currently quotes $102,508. Bitcoin's market capitalization now exceeds the two trillion dollar mark.

Ethereum also had a strong start to the day. The second-largest cryptocurrency rose five and a half percent from the previous day and now stands at $3,941, close to the important $4,000 mark. Both Bitcoin and Ethereum posted gains of five percent on a weekly basis. The total market capitalization of the crypto market rose one percent to $3.89 trillion in the past 24 hours.

Varying results in the rest of the market

While some coins continue to win, there are losers, too. XRP, which made huge gains in recent days, fell 11 percent today to $2.31. Despite this, XRP is still up 65 percent on a weekly basis and remains the fourth largest crypto-currency.

Tether's stablecoin USDT has once again overtaken XRP and is now the third largest crypto-currency with a market capitalization of $136 billion.

Solana (SOL) lost 1.6 percent today and now stands at $239. On a weekly basis, SOL is up 1.7 percent. Cardano (ADA) is holding firmly above the dollar mark, despite a small decline today.

The crypto market remains full of movement, with big gains for some coins and slight losses for others, while Bitcoin and Ethereum continue to lead the way.