Ethereum continues to gain ground against bitcoin, and ETH/BTC has surged to the highest levels in three months.
Bitcoin continues to stand still as the asset has settled around the $23,000 mark. More fluctuations, as expected to a large extent, come from several altcoins.
Ethereum jumped to a weekly high by reclaiming $1,700, while ETC, AVAX, and Polkadot are up by approximately 5% in a day.The alternative coins charted some declines in the middle of the week but reversed their trajectory in the following few days. Ethereum suffered by declining to $1,600 on a few occasions. However, it jumped to $1,650 yesterday, and a 3.5% increase has pushed the second-largest crypto to over $1,700. This is the highest ETH has been in just over a week.Alicia BakeryThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:From the larger-cap alts, Polkadot, Avalanche, and Ethereum Classic have gained the most, up by about 5-6% daily.
Since most altcoins continue to outperform bitcoin, the latter’s dominance has taken a hit. The metric is down below 41% and is even close to dumping beneath 40%.BTCUSD. Source: TradingView
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