Ethereum’s Price Taps Fresh New Highs, ETH Market Cap Eats Away BTC Dominance
The second-largest cryptocurrency in terms of market valuation, ethereum, has seen significant gains this week in comparison to the rest of the crypto economy. On Wednesday, ethereum tapped an all-time high at $2,736 per unit as the crypto asset has gained 11.48% during the last seven days. Ethereum Cracks a New ATH While a great number of digital assets dropped in value last week, ethereum (ETH) prices rebounded much quicker than most. On April 27, after climbing more than 11% during the course of the week, ETH tapped an all-time high (ATH) at $2,706 per ether on Tuesday. Then again, on....
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The price of bitcoin cracked a new all-time high on Saturday morning reaching $60,120 per unit at around 6:25 a.m. (ET). Bitcoin now has a 1.12 trillion-dollar market valuation and a dominance level of around 61.9% while ethereum now commands close to 12% of the $1.70 trillion capitalization of all 8,792 digital assets in the crypto economy. The price of bitcoin (BTC) has once again captured a new lifetime price high reaching $60,120 per BTC on Sunday, March 13, 2021. During the last 24 hours, BTC has gained 6.9% and over 23% during the last seven days. At press time BTC has around $27....
In the last five years, Ethereum has not only taken a significant market share from bitcoin, but it has consistently grown in the same time period. While bitcoin had maintained the majority of the market dominance for the longest time, it has not taken altcoins a long time to come for the majority share. In fact, this year, the market dominance of bitcoin feller 50%. As ethereum’s market dominance has grown, it is important to look at what this might mean for the digital asset and how it may play out in the future. Ethereum has no doubt had an incredible run this year but does growing....
During the last 35 days, ethereum has lost a significant amount of market dominance leading up to The Merge. On August 14, 2022, the second leading crypto asset by market capitalization, ethereum, had a market dominance of around 19.5% but three days after the transition to proof-of-stake (PoS), it’s down 13% lower to 16.8%.
In 35 Days, Ethereum’s Market Dominance Slides 13% Lower
Ethereum’s market valuation has dropped a great deal during the past month after reaching $1,996 per unit on August 14, 2022. At that time, ethereum’s market cap was $239.74....
Altcoins are stepping into the spotlight as Bitcoin comes down from months of all-time highs, but can conditions stay favorable for long? Bitcoin (BTC) now accounts for less than 60% of the total cryptocurrency market capitalization, heralding the arrival of "alt season 2.0."In a tweet on March 29, analyst Filbfilb, co-founder of trading suite Decentrader, announced that conditions were finally right for a fresh altcoin surge as their total market capitalization is hitting new highs of nearly $750 billion.Altcoin market capitalization. Source: CoinMarketCapBitcoin dominance at its lowest....
Altcoin season is a phrase that is quite popular throughout the crypto market. The phrase refers to the run-up in the prices of altcoins after the price of bitcoin slows down. The altcoins usually see an uptick in their individual and collective market dominance, taking even more market share from the top cryptocurrency, bitcoin. As the coins become more valuable, their prices soar following the increased market share. An altcoin season usually sees most of the altcoins in the market rallying at the same time. With Ethereum’s price mostly leading the charge once the prices start surging.....