The trend is led by none other than the largest of them all – Ethereum, which has soared by another 8% in the past day, and trades well above $2,500.
ETH’s Roll Continues
ETH’s price plunged hard just over a month ago as it dropped to its lowest levels in over a year on April 9 at $1,400. It managed to bounce off in the following weeks but still struggled to reclaim $1,800 decisively. After the latest positive macro developments and the Pectra upgrade,
its price finally started to climb hard.On a daily scale, ETH has soared by nearly 9%, but its weekly surge is a lot more impressive – almost 40%. This has put its price tag at well above the psychological resistance of $2,500.
Many altcoins have followed suit with notable price increases as well. DOGE is in a league of its own from the larger ones, having surged by over 16% and now trading above $0.24. ADA, AVAX, LINK, SHIB, HBAR, TON, and PEPE are other impressive examples.
PI, UNI, and NEAR have also had double-digit price pumps over the past day, while LEO is among the few in the red.
The total crypto market cap has added another $70 billion and is up to $3.470 trillion on CG.
Bitcoin Back to $104K
Although BTC is still in the green on a daily scale, its increase is a lot more modest. BTC has jumped by less than 1% and trades above $104,000 after it was stopped at $105,000 earlier.
On a weekly scale, though, bitcoin has jumped by almost 9%. It finally managed to break through the $100,000 barrier this week for the first time in over three months.
However, its dominance over the alts has taken a big hit. Recall that the metric was riding high at roughly 62% just until several days ago but has dropped to under 60% as of now.
Its market cap, on the other hand, continues to increase and is up to $2.070 trillion on CG.
The post Altcoins Take Main Stage as Ethereum (ETH) Shoots Past $2.5K (Weekend Watch) appeared first on BitcoinLinux.
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Author: NixCoin