Ethereum (ETH) reached new 11-month high, Bitcoin (BTC) slips below $ 30,000: market observation

Ethereum (ETH) reached new 11-month high, Bitcoin (BTC) slips below $ 30,000: market observation

After several trading days above the coveted $ 30,000 mark, Bitcoin has slipped under this level and has reached a 5-day low.

In contrast, ETH pumped a little higher today to record its new highest price level since May last year. BNB, Doge and Sol have meanwhile increased for impressive percentages.

Bitcoin falls below $ 30,000

After the primary cryptocurrency had regained the level of $ 30,000 last week, it remained most of them in the next few days, and even the US VPI numbers could not really shake. The most important price increase took place on Friday, when the asset reached $ 31,000 for the first time since June 2022.

The bears caught the movement and pushed BTC south. Hours later he fell to $ 30,000, but was able to hold this level with a low trading volume during the weekend.

When Sunday came to an end, BTC initiated a high flight, but was stopped $ 30,600. The subsequent rejection drove it hard to the south, and Bitcoin fell to a 5-day low of $ 29,800.

Up until now, the asset has recovered by about $ 100, but is still less than $ 30,000. Its market capitalization has decreased to less than $ 580 billion, while his dominance over the Alts has suffered another blow and has now dropped to 45.7 % after it had exceeded 47 % a week ago.

Btcusd. Tradingview

ETH’s New Local Peak

Ethereum stolen the spotlight last week after the long-awaited Shapella update was completed. BTC has massively exceeded his native token, which has led to increasing dominance. In the middle of the considerable movements in the chopped ETH, the asset rose again hours ago to over $ 2,130 and thus reached its last 11-month high before it has fallen back to just under $ 2,100.

Binance Coin, Dogecoin, Solana and Litecoin all increased between 3 and 4 % in one day. As a result, BNB is traded at $ 345, Doge at over $ 0.9, Sol at $ 25 and LTC only a few centimeters of $ 100.

avalanche rose by 6 % in one day and over 15 % in a week to over 20 $.

The entire crypto market capitalization was essentially up to date as yesterday at $ 1.265 trillion on CMC.

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