Bitcoin Taps $38K: Ethereum Marks a Two-Week High Above $2.8K (Market Watch)

The crypto market has reacted well to yesterday’s drop. Bitcoin sits around $38,000, while Ethereum jumped above $2,800.

After dipping to a weekly low at $36,300, bitcoin started to recover some value and now sits around $38,000. The altcoins are also in a significantly more positive situation today, led by Ethereum’s impressive increase that pushed ETH to a two-week high above $2,800.The bears had complete control over the market yesterday, with almost all altcoins bleeding out. Ethereum, for example, dipped to $2,600 after failing to overcome $2,800 a day earlier.

Now, though, ETH is among the best performers on a daily scale. The second-largest crypto has jumped by roughly 6% since yesterday and sits above $2,800. This is the highest price tag ETH has seen since January 21st.on a Solana-based bridge, is up by 7%. Consequently, SOL has reclaimed $100. Binance Coin, Cardano, Ripple, Polkadot, Terra, Dogecoin, Avalanche, Shiba Inu, and MATIC are also slightly in the green.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:More significant gains come from NEO , Cosmos , Hedera , Kusama , IOTA , NEXO , Convex Finance , and others.Cryptocurrency Market Overview. Source: Quantify CryptoThe primary cryptocurrency also suffered yesterday after a few days of marking gains.

In the following hours, bitcoin spiked to $38,000 where it’s currently situated, and its market capitalization has remained above $700 billion.

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