The Crypto Report: Bitcoin and Ethereum rally as investors shrug off pressure on tech stocks


  • 1 year ago
  • Ethereum
  • 458Weergaven
An appetite for riskier asset classes is proving net positive for the crypto markets this week, with global market capitalisation heading above US$1tn for the first time in six weeks. Despite supposedly correlated tech stocks floundering in an underwhelming earnings season, bitcoin continued to rally another 2.6% today, bringing it up to US$20,690. As is typical, Ethereum (ETH) extended the trend by jumping 4%, and looks to be stabilising around the US$1,550 price point as the day progresses. Dogecoin (DOGE) is today�s top dog though- the meme coin soared nearly 20% to break through the US$10bn market cap ceiling. The rally comes as DOGE�s most (in)famous proponent Elon Musk�s Twitter takeover nears completion. #ProactiveInvestors #TheCryptoReport #bitcoin #ethereum #Dogecoin #Twitter #ElonMusk
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