The image of a coin price graph reflecting on the floor where the Bitcoin model is placed. /Courtesy of News1

The U.S. stock market is showing an upward trend, and the prices of virtual assets are also rising across the board.

As of 8:24 a.m. on the 4th, Bitcoin is trading at $111,906, up 0.72% from 24 hours ago, according to global coin tracking site CoinMarketCap. Ethereum has risen 3.26% to $4,463, and Ripple (XRP) is up 0.42% to $2.84.

The reason for the overall rise in virtual assets seems to be attributed to the Alphabet rally, with the Dow slightly falling by 0.05% in the U.S. stock market.

On that day, the Nasdaq rose by more than 1%, as Alphabet surged more than 9% due to a favorable ruling from a U.S. court.

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