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ETH (ETH) breaks above $3,000 as BTC (BTC) breaks above $44,000

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It’s a “green” weekend for the crypto market today as most major digital assets are seeing daily gains.

Over the past couple of days, a lot of eyes have been glued to ETH’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—and it did.

At the time of writing, ETH was trading at around $3161, up 9.7% in the last 24 hours, according to crypto metrics platform CoinGecko

Interestingly, more than 10,000 ETH have already been burned since the London upgrade—worth over $31,000 million at current prices.

Mostly green weekend

Meanwhile, BTC reached a 24-hour high of about $44,700, up 4% on the day.

Among the top-10 crypto by market capitalization, however, only Dogecoin managed to post two-digit growth. The price of canine-themed meme coins gained 34.2% on the day and reached $0.276 at press time.

Other top cryptos showed somewhat humbler results in the last 24 hours. Binance Coin (roughly $356, +4%), Cardano ($1.48, +5.2%), Ripple’s XRP ($0.833, +11.6%), and Uniswap ($28.49 +8.2%) remained in the green zone.

DeFi keeps up too

Decentralized finance (DeFi) also followed the upward trend as the sector grew by 6.75% as a whole in the last 24 hours.

Apart from Uniswap, other popular tokens such as Chainlink ($24.69, +3.5%), AAVE ($386.84, +5.2%), Maker ($3,413, +4.9%), and Compound ($507.83, +8.7%) were leading the charge in terms of daily gains, according to CryptoSlate’s DeFi sector data.

The post ETH (ETH) breaks above $3,000 as BTC (BTC) breaks above $44,000 appeared first on CryptoSlate.


All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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