Bitcoin price is currently sideways around the $ 36,300 while Ethereum price took a huge jump and hit a new ATH of $ 1,439
Bitcoin price is currently sideways around the $ 36,300 area while many smaller-cap cryptocurrencies have grown rapidly, pushing the overall market cap to over $ 1,040 billion. And among them, the most prominent is the Ethereum price with a huge jump and hit a new all-time high of $ 1,439.
BTC/USD 4-hour chart | Source: TradingView
Bitcoin price is leveling off, while many cryptocurrencies are up sharply
According to CoinMarketCap, the volume of Bitcoin transactions during this period was $ 57.7 billion, market cap was recorded at $ 673.3 billion.
Bitcoin sideways, but many smaller-cap cryptocurrencies rose sharply. The standout is Ethereum with a 14% gain to $ 1,439. Market capitalization currently records $ 160 billion, most recent 24-hour transactions are $ 47.3 billion.
Market movements show that Ethereum has outperformed Bitcoin over the past few weeks as the cryptocurrency’s momentum has strengthened. Specifically, the price of the second largest cryptocurrency on CoinMarketCap has increased by about 81% since the beginning of the year. In the last 7 days, ETH also increased approximately 30%.
According to many traders, the reason for the high rise in Ethereum price is due to improved market sentiment and Bitcoin’s relatively low volatility period.
In addition to Ethereumm, a series of other cryptocurrencies such as XRP, Cardano, Litecoin, Bitcoin Cash … also had good growth. However, the market also recorded many reverse coins such as Chainlink decreased 2.1%, Binance Con decreased 4.7% …
Total market capitalization is currently recording at $ 1,040 billion, up 2.25%.
You can see the BTC price here.
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