ETH And BTC Break Support Levels As Crypto Market Shows Green
Crypto market is looking very ‘green’ at the moment, as most major digital assets are seeing daily gains, some more than others.
Over the past couple of days, besides Bitcoin, a lot of attention has been on Ethereum’s (ETH) price movements since the blockchain underwent a massive network upgrade called London on Thursday. Among other improvements, it also introduced a deflationary token burn mechanism, and many expected the price of ETH to go up – as it definitely did.
At the time of writing, ETH was trading at around $3,107, up 6.7% in the last 24 hours, up 20% on weekly chart, according to CoinMarketCap.
Since the London hard fork upgrade more than 10,000 ETH have already been burned – worth over $31,000 million at current prices.
‘Green’ Weekend for Crypto
Meanwhile, Bitcoin reached a 24-hour high of about $44,700, up 4% on the day. Currently trading at $44,025.
Among the top-10 crypto by market capitalization, however, only Dogecoin managed to post two-digit growth. The price of shiba inu-themed meme coin gained 34.2% on the day and reached $0.2622 at press time.
The Dogecoin community seemed to have taken the good news well, as Doge-Twitter filled up with memes again.
Other top cryptos showed somewhat humbler results in the last 24 hours. Binance Coin (roughly $350, +1%), Cardano ($1.45, +1.74%), Ripple’s XRP ($0.808, +6.64%), and Uniswap ($27.70 +5%) remained in the green zone.
DeFi Moving Up
Decentralized finance (DeFi) also kept pace with the upward trend as the sector grew by 4.32% as a whole in the last 24 hours.
Apart from Uniswap, other popular tokens such as Chainlink ($24.58, +2.63%), AAVE ($384.7, +3.9%), Maker ($3,412, +4.17%), and Compound ($503.9, +6.4%) were leading the charge in terms of daily gains, according to CryptoSlate’s DeFi sector data.
