Ethereum Eyes $1.8,000 Days Before Merger, BTC Steady Above $21,000 (Market Watch)

[ad_1]

After the recent volatility, bitcoin looks calmer today but still sits above $21,000.

Tezos is among the best performers of the mid-cap alts, while Ethereum continues to march towards $1,800 ahead of the long-awaited merger.

Bitcoin saw a new weekly high

The major cryptocurrency had a tough week as it fell to a six-week low in the middle of it at just over $18,500. This continued the recent trend of losing significant value since dropping below $20,000 at the end of August.

However, BTC recovered some ground after this local low and recovered $19,000. Even the European Central Bank’s record interest rate hike hasn’t moved him.

As the end of the week approached, the asset went on the offensive and broke above $20,000. Friday saw even more impressive gains as bitcoin surged to $21,000 and beyond.

Despite the calm over the past 24 hours, BTC still managed to hit a new two-week high above $21,700. Its market capitalization has remained well above $400 billion, while its dominance over altcoins is still north of 39%.

BTCUSD.  Source: Trading View
BTCUSD. Source: Trading View

Ethereum Eyes $1.8K

Most altcoins have seen similar volatility over the past few days, but are now calmer. Ethereum is a great example of this, as it dropped below $1,500 during the most intense days of the stock market crash. Now, however, the second-largest cryptocurrency is poised to touch $1,800 as the meltdown rapidly approaches.

Cardano, Polygon and TRON also saw insignificant daily gains. In contrast, Binance Coin, Ripple, Solana, Polkadot, Dogecoin, Shiba Inu, and Avalanche are slightly in the red against larger-cap alts.

EOS and Tezos added the most value in one day to mid-cap alts. EOS is up 4% to $1.75, while XTZ is trading north of $1.7 after rising 5%.

Overall, the cumulative market capitalization of all crypto assets has added a few more billions and is now above $1,050 trillion.

Presentation of the cryptocurrency market.  Source: Quantify Cryptography
Presentation of the cryptocurrency market. Source: Quantify Cryptography
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to sign up and receive $100 free and 10% off Binance Futures fees for the first month (terms).

PrimeXBT Special Offer: Use this link to sign up and enter code POTATO50 to receive up to $7,000 on your deposits.

Disclaimer: The information found on CryptoPotato is that of the named authors. It does not represent the opinions of CryptoPotato on whether to buy, sell or hold investments. You are advised to conduct your own research before making any investment decision. Use the information provided at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

[ad_2]

Source link

Recent Articles

Terra Luna

Wolverine Coin

TABOO TOKEN

Crypto Heirloom

spot_img

Related Stories

Stay on op - Ge the daily news in your inbox

bitcoin
Bitcoin (BTC) $ 17,185.65
ethereum
Ethereum (ETH) $ 1,277.35
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 289.92
usd-coin
USD Coin (USDC) $ 1.00
binance-usd
Binance USD (BUSD) $ 1.00
xrp
XRP (XRP) $ 0.388041
dogecoin
Dogecoin (DOGE) $ 0.097265
cardano
Cardano (ADA) $ 0.313277
matic-network
Polygon (MATIC) $ 0.924051
polkadot
Polkadot (DOT) $ 5.36
staked-ether
Lido Staked Ether (STETH) $ 1,263.52
litecoin
Litecoin (LTC) $ 76.78
shiba-inu
Shiba Inu (SHIB) $ 0.000009
okb
OKB (OKB) $ 21.23
dai
Dai (DAI) $ 1.00
solana
Solana (SOL) $ 13.86
tron
TRON (TRX) $ 0.054781
uniswap
Uniswap (UNI) $ 6.25
avalanche-2
Avalanche (AVAX) $ 13.53
leo-token
LEO Token (LEO) $ 3.76
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 17,186.21
chainlink
Chainlink (LINK) $ 6.95
cosmos
Cosmos Hub (ATOM) $ 9.73
the-open-network
Toncoin (TON) $ 1.85
monero
Monero (XMR) $ 148.00
ethereum-classic
Ethereum Classic (ETC) $ 19.25
stellar
Stellar (XLM) $ 0.085657
bitcoin-cash
Bitcoin Cash (BCH) $ 110.81
quant-network
Quant (QNT) $ 123.65
crypto-com-chain
Cronos (CRO) $ 0.064362
algorand
Algorand (ALGO) $ 0.224513
filecoin
Filecoin (FIL) $ 4.45
apecoin
ApeCoin (APE) $ 3.97
near
NEAR Protocol (NEAR) $ 1.71
vechain
VeChain (VET) $ 0.019201
internet-computer
Internet Computer (ICP) $ 4.39
hedera-hashgraph
Hedera (HBAR) $ 0.048107
eos
EOS (EOS) $ 1.05
elrond-erd-2
MultiversX (Elrond) (EGLD) $ 46.21
trust-wallet-token
Trust Wallet (TWT) $ 2.65
flow
Flow (FLOW) $ 1.03
terra-luna
Terra Luna Classic (LUNC) $ 0.000172
frax
Frax (FRAX) $ 0.999827
the-sandbox
The Sandbox (SAND) $ 0.585691
axie-infinity
Axie Infinity (AXS) $ 8.04
tezos
Tezos (XTZ) $ 0.996304
aave
Aave (AAVE) $ 61.99
theta-token
Theta Network (THETA) $ 0.866658
huobi-token
Huobi (HT) $ 6.47
chain-2
Chain (XCN) $ 0.039619
lido-dao
Lido DAO (LDO) $ 1.04
bitcoin-sv
Bitcoin SV (BSV) $ 43.45
chiliz
Chiliz (CHZ) $ 0.15139
paxos-standard
Pax Dollar (USDP) $ 0.999732
true-usd
TrueUSD (TUSD) $ 1.00
decentraland
Decentraland (MANA) $ 0.398713
usdd
USDD (USDD) $ 0.977801
bittorrent
BitTorrent (BTT) $ 0.00000068671199
kucoin-shares
KuCoin (KCS) $ 6.59
pancakeswap-token
PancakeSwap (CAKE) $ 3.97
aptos
Aptos (APT) $ 4.83
fantom
Fantom (FTM) $ 0.239503
zcash
Zcash (ZEC) $ 45.84
gemini-dollar
Gemini Dollar (GUSD) $ 1.00
compound-usd-coin
cUSDC (CUSDC) $ 0.02274
iota
IOTA (MIOTA) $ 0.207424
klay-token
Klaytn (KLAY) $ 0.18898
tokenize-xchange
Tokenize Xchange (TKX) $ 7.13
ecash
eCash (XEC) $ 0.00003
whitebit
WhiteBIT Token (WBT) $ 4.74
maker
Maker (MKR) $ 614.98
gatechain-token
Gate (GT) $ 3.59
dash
Dash (DASH) $ 46.78
neo
NEO (NEO) $ 7.10
the-graph
The Graph (GRT) $ 0.066771
pax-gold
PAX Gold (PAXG) $ 1,792.96
havven
Synthetix Network (SNX) $ 1.91
arweave
Arweave (AR) $ 9.09
compound-ether
cETH (CETH) $ 25.66
osmosis
Osmosis (OSMO) $ 0.907215
gmx
GMX (GMX) $ 53.53
frax-share
Frax Share (FXS) $ 6.03
tether-gold
Tether Gold (XAUT) $ 1,734.17
curve-dao-token
Curve DAO (CRV) $ 0.65684
thorchain
THORChain (RUNE) $ 1.41
cdai
cDAI (CDAI) $ 0.022137
mina-protocol
Mina Protocol (MINA) $ 0.549361
radix
Radix (XRD) $ 0.041902
btse-token
BTSE Token (BTSE) $ 2.54
ethereum-pow-iou
EthereumPoW (ETHW) $ 3.65
rocket-pool
Rocket Pool (RPL) $ 20.00
zilliqa
Zilliqa (ZIL) $ 0.022238
nexo
NEXO (NEXO) $ 0.666232
blockstack
Stacks (STX) $ 0.270936
ethereum-name-service
Ethereum Name Service (ENS) $ 13.68
oec-token
OKC (OKT) $ 19.16
1inch
1inch (1INCH) $ 0.445094
bitdao
BitDAO (BIT) $ 0.311923
basic-attention-token
Basic Attention (BAT) $ 0.22493