DOGE Marked 10-Week Peak, ETH at Highest Levels Since Merge: Market Watch
ETH eyes $1,600 for the first time since the Merge completion, while DOGE soared following Elon Musk’s visit to Twitter HQ.
Bitcoin continued to mark new local peaks in the past 24 hours, briefly touching $21,000 for the first time in six weeks.
Dogecoin has emerged as today’s best performer following Elon Musk’s visit to Twitter’s HQ. Ethereum, on the other hand, has finally charted some gains.
BTC Tapped $21K
After the relatively boring last week, when BTC stood primarily around $19,000, the landscape around the asset started to change late Tuesday. It first jumped from the aforementioned level to $20,000 and, unlike previous recent attempts, broke above it decisively this time.
As a result, it painted a six-week high yesterday at just over that coveted line. Furthermore, bitcoin kept climbing during the rest of the trading day and even briefly touched $21,000. This came amid reports suggesting that the Bank of Canada is about to change its stance on hiking the interest rates.
BTC failed to breach $21,000 and has retraced by a few hundred dollars to just under that level. Nevertheless, its market cap stands still at around $400 billion.