Ethereum surpassed $2000… Altcoin bull market is here

[디지털투데이 추현우 기자] In the virtual asset (cryptocurrency) market on the 3rd, the top 10 stocks with market capitalization are leading the overall rise. In particular, altcoins are remarkable, centering on Ethereum.

Based on Coin360 at 9:30 a.m. on the 3rd, Bitcoin (BTC) rose 1.28% from the day before to $59273, reaching the bottom of $60,000. On the domestic virtual asset exchange Upbit, it was 74.2 million won, up 0.56% from the previous day.

Bitcoin rarely crosses the $60,000 resistance line. Instead, Ethereum took over the upside momentum. Ethereum (ETH) is trading at $2129, soaring more than 9% compared to the previous day. For the first time in Ethereum history, it has exceeded $2,000.

Ethereum change is interpreted as a technological uptrend. Cryptoquant CEO Ki-young Ju explained through his Twitter, “Recently, $400,000 of Ethereum was traded on Coinbase. I guess the institution has purchased Ethereum. It is an analysis that the movement of whales and institutional investment is affecting the price.

In addition to Ethereum, Polkadot, Cardano, Ripple, and Litecoin also recorded an increase of around 10%. Polkadot (DOT) rose 11.74% from the day before to $41.02, Ripple (XRP) rose by 7.21% to 61 cents, and Litecoin (LTC) also rose 6.22% to $213. Cardano (ADA) rose 1.26% to $1.19.

Reporter Chu Hyun-woo [email protected]

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