Ethereum at Record Highs as the Cryptocurrency Traders Diversify from Bitcoin

in #ethereum • 3 years ago

The cryptocurrency market appears to have reached a point where investors look beyond Bitcoin. Up until recently, Bitcoin was the only game in town, responsible for the overall movements in other crypto coins.

However, things changed dramatically as Ethereum has recovered faster than Bitcoin from last month’s move lower. Investors may remember that Bitcoin dropped from over $60k to $47k in less than 24h, creating a similar move in most altcoins. However, it recovered but was not able to make a new high. Ethereum did and now trades above $4,000 for the first time in history.

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Read more: https://www.fxopen.blog/ethereum-at-record-highs-traders-diversify-from-bitcoin/

3 years ago in #ethereum by
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