Ethereum Explodes to 2021 Peaks, Bitcoin Eyes ATH: Market Watch
Main Idea
Bitcoin (BTC) and Ethereum (ETH) experienced significant price increases, with BTC nearing its all-time high and ETH reaching levels last seen in 2021, while the overall crypto market capitalization also rose.
Key Points
1. Bitcoin (BTC) saw a substantial price increase over the past 24 hours, briefly spiking above $122,200, close to its all-time high.
2. Ethereum (ETH) surged to $4,300, a 44% monthly increase, marking its highest point since December 2021.
3. ETH's market capitalization exceeded $520 billion, surpassing companies like Netflix and Mastercard.
4. The total crypto market capitalization reached around $4.14 trillion, a 2% increase from the previous day.
5. Upcoming economic events, such as the US CPI report for July, may introduce additional market volatility.
Description
Bitcoin (BTC) experienced a substantial price increase over the past 24 hours and is not far from reaching a new all-time high. Some of the well-known altcoins are also well in the green. Ethereum (ETH) surged to a level last seen in 2021, with its market capitalization surpassing $520 billion. BTC on the Run Again Bitcoin (BTC) witnessed a gradual price pump last week, followed by a substantial green candle over the last 24 hours. It briefly spiked above $122,200 (or less than 1% from its all-t...
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