Market Wrap: Ether Sets New Highs as Bitcoin Stays Below $49K

Despite choppy price action, news over the past few days has been extraordinarily bullish for the leading cryptocurrency.

The price of bitcoin popped to new 2020 highs while ether has performed more than two times better than BTC so far this year.

Market observers were not surprised by an immediate but mild sell-off of bitcoin after it hit 2020’s new highs.

Bitcoin’s price is closing in on record 2020 highs as ether’s volatility picks up.

Bitcoin nearly triples its price in 2020 and ends the year close to $29,000, but ether gained 450%.

Bitcoin’s bull run stalls while ether is still acting like a little brother despite the audacious Eth 2.0 upgrade.