Ethereum
ETH and DeFi 1.0 Lead the Market as Ethereum 2.0 Merge Narrative Intensifies
ETH and DeFi 1.0 are going strong as the Ethereum 2.0 Merge keeps going with full steam ahead.
The past week has seen the cryptocurrency market add some $150 billion to its total capitalization and reclaim the coveted $1 trillion mark.
At the same time, though, Bitcoin’s dominance – the metric that gauges its share relative to that of the entire market – has decreased by more than 1.5% in the past six days. This shows that altcoins are performing better than BTC.
ETH and DeFi 1.0 Outperform
Ethereum is up over 50% in the past seven days. The cryptocurrency touched $1,000 on July 13th, and it’s been up only since then.
In today’s trading session, ETH even topped $1,600 (for a total of 60% increase in a week) but failed to sustain above it and retraced to where it’s currently at above $1,500.
To further highlight its dominance recently, it’s worth looking at the total liquidated positions. In the past 24 hours alone, they amount to about $600 million, and more than $365 million of that comes from ETH positions.
ETH and DeFi 1.0 are going strong as the Ethereum 2.0 Merge keeps going with full steam ahead.
The past week has seen the cryptocurrency market add some $150 billion to its total capitalization and reclaim the coveted $1 trillion mark.
At the same time, though, Bitcoin’s dominance – the metric that gauges its share relative to that of the entire market – has decreased by more than 1.5% in the past six days. This shows that altcoins are performing better than BTC.
ETH and DeFi 1.0 Outperform
Ethereum is up over 50% in the past seven days. The cryptocurrency touched $1,000 on July 13th, and it’s been up only since then.
In today’s trading session, ETH even topped $1,600 (for a total of 60% increase in a week) but failed to sustain above it and retraced to where it’s currently at above $1,500.
To further highlight its dominance recently, it’s worth looking at the total liquidated positions. In the past 24 hours alone, they amount to about $600 million, and more than $365 million of that comes from ETH positions.
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