Bitcoin Tests USD 45K, Ethereum Above USD 3K, Dogecoin Rallies


On Sunday, the crypto market rallied with bitcoin (BTC), surpassing USD 45,000 for first time since May, and ethereum rising above USD 3,000. Meanwhile, dogecoin (DOGE) is the best performing coin among the top 100 cryptoassets today.

BTC traded at USD 44.693 at 09:34 UTC. This is lower than the USD 45.242 that was reached earlier today. BTC is up by 2% per day and 7% per week, which brings its monthly gains to 30%. It is still 31% below its April all-time high (ATH).

Meanwhile, recently upgraded ETH increased its weekly gains to 23% while it is down from its ATH in May by 28%. It is currently trading at USD 3,136, and has risen by 4% per day.

DOGE rose by nearly 22% today, reaching USD 0.266, and increasing its weekly gains of 24%. Still, it’s 64% below its ATH of May.

Other cryptoassets from the top 10 club are showing mixed results today.

According to Bloomberg, Paolo Ardoino (Chief Technology Officer at Bitfinex), “There appears to be a renewed optimism in cryptocurrency markets.” “Bitcoin leads the charge, while ethereum keeps making gains.” According to Ardoino, the volatility we have seen in crypto markets these past weeks is unlikely til it subsides.

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