RATE Group | Bitcoin Price Rises 4% to $6,750, is Ethereum Eyeing a Move Towards $300?
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Bitcoin Price Rises 4% to $6,750, is Ethereum Eyeing a Move Towards $300?

28 Sep Bitcoin Price Rises 4% to $6,750, is Ethereum Eyeing a Move Towards $300?

Posted at 08:44h in Bitcoin News by

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Over the past 24 hours, followed by the strong rally of Bitcoin price from $6,400 to $6,750, the crypto market rebounded strongly. Cardano and Litecoin, the two best performing major cryptocurrencies on September 28, recorded 10 percent gains.

Recap of the crypto market on September 28, data provided by Coincap.io

Within 10 hours, the price of ADA, the native cryptocurrency of Cardano, increased from $0.078 to 0.0876, by more than 12.3 percent. While most cryptocurrencies have slightly retraced after achieving a weekly high, the market has started to rebound once again.

Ethereum (ETH), which was overtaken by Ripple (XRP) on two occasions within the past week, solidified its position as the second most valuable cryptocurrency in the market. The gap between ETH and XRP has increased to $2 billion, following a 7 percent increase in the price of ETH.

Bitcoin and Ethereum Finding Momentum

From August to late September, ETH has shown lack of momentum and increasing sell pressure,…

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