Ethereum Spikes 5% to 6-Day High, Bitcoin Eyes $22K (Market Watch)

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Ethereum has added almost 5% of value in the past 24 hours and sits at a multi-day high. ETC is the most substantial gainer from the larger-cap alts.

Following several days of sideways trading, bitcoin finally took a small step forwards and challenged the $22,000 mark.

Most altcoins are well in the green today, led by gains from Ethereum and Ethereum Classic. The former is up by 5% to a 6-day high, while the latter has soared by double digits.Ever since last week’s price tumble, which drove bitcoin from a multi-month peak of $25,200 to a multi-week low of under $21,000, the cryptocurrency has been struggling.for days aside from a few brief pumps and dumps. The situation finally seemed to start changing hours ago when BTC initiated a leg up and neared $22,000.

However, it was stopped just before reaching that line. As of now, it stands inches away from it, while the bulls hope to make a run later.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:As such, its market cap has added a few billions in a day and stands at $415B now. Its dominance over the altcoins, though, has taken a hit and is down below 40% once more.

Ethereum is among the most notable examples. The asset had tumbled from $2,050 to $1,550 in a matter of days but started recovering some ground earlier this week. Another 5% increase in the past 24 hours has pushed the second-largest crypto to a 6-day high of over $1,700, which leads to the question of whether the upcoming Merge has beenBinance Coin has also tapped a multi-day high of its own above $300 after a 3% daily increase.

Ethereum Classic has gained the most from the larger-cap alts. ETC is up by more than 11% and trades close to $40.Cryptocurrency Market Overview. Source: Quantify Crypto

 

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