RATE Group | Ethereum’s Internal Strife Brushed Aside as ETH Growth Competes With Bitcoin
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Ethereum’s Internal Strife Brushed Aside as ETH Growth Competes With Bitcoin

28 Aug Ethereum’s Internal Strife Brushed Aside as ETH Growth Competes With Bitcoin

Posted at 21:37h in Ethereum News by

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Digital currencies booked solid gains Tuesday, as altcoins and tokens followed bitcoin to fresh three-week highs. At the time of writing, all major assets were in the green, a sign that bearish pressure was slowly fading.

Market Update

The cryptocurrency market added $12 billion in value on Tuesday, topping $230 billion for the first time since Aug. 9. With the gain, digital assets have recovered $41 billion from their most recent bear market low.

Bitcoin’s price jumped 4.7% to $7,062, its highest in about three weeks. The leading digital currency traded as high as $7,126.10 on Bitfinex.

BTC is now trading above its short-term and long-term moving averages, offering further evidence of a bullish breakout.

Altcoins and tokens were responsible for about half of the growth in the overall market cap. Cryptocurrencies other than bitcoin had a combined value of $107.5 billion, according to CoinMarketCap.

Among the top-20 coins, Dash was the strongest performer…

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