ETC Soars 28%, ETH Up 7% on Bellatrix Upgrade Day (Market Watch)

Although bitcoin trades in a tight range, below $20,000, there are other coins that have been on the rise.

It is interesting to note that Ethereum Classic and Ethereum Classic have taken the lead, with the former soaring by double-digits.

Skyrocket ETH and ETC

The long-awaited Merge is just around the corner and the Ethereum community is more than ever excited about the transition to PoW to PoS. Bellatrix’s latest update is scheduled for later today.

The second-largest cryptocurrency has seen 6.5% growth due to the hype surrounding the event. ETH trades at a multiday high of $1,650.

Ethereum Classic is a more impressive performer. This asset has seen a 26% increase in value over the last 24 hours, and is now worth more than $40

Avalanche, Solana and Cardano are also in the green with a 4-7% increase. BNB, DOT and DOGE have all seen modest gains, while MATIC, XRP, DOT and DOGE have all recorded daily gains.

The cumulative market capital of all crypto assets has recovered $30 billion per day thanks to these gains. It is now at close to $1 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto

Bitcoin still below $20K

While some other coins have seen impressive gains, the largest cryptocurrency appears to be at a steady level.

The asset fell below the $20,000 mark last week, and it has remained there ever since. There have been a few short jumps to and above this line.

This was the latest example. BTC reached an intraday peak of $20,300 just hours ago but was stopped immediately.

It trades just inches from $20,000 and its market capital has risen to $380 billion. However, its dominance over altcoins has been reduced to 39%.

BTCUSD. Source: TradingView

CryptoPotato’s first post, ETC Soars 28%, ETH up 7% on Bellatrix Upgrade Day – Market Watch appeared first on CryptoPotato.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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