Although Bitcoin is still the world’s largest cryptocurrency, the momentum of other currencies is also getting higher. For example, Ethereum has tripled this year and broke through $3,000 for the first time on Monday to create a new record. , Now more than 3200 US dollars.
In addition, Rich Ross, a strategist at Evercore ISI, also expressed optimism about Ethereum and gave a target price of $3,900.
According to CoinGeck's data, Bitcoin's share of the total market value of cryptocurrencies has dropped from about 70% at the beginning of this year to about 46%. The share of the second largest cryptocurrency, Ethereum, rose to 15%, and the total share of some other top-ranked cryptocurrencies doubled to 36%.
In addition to Ethereum, Bitcoin and other currencies have also experienced higher gains in recent days. Today, 99% of the cryptocurrencies in the market are bullish. Bitcoin has now stood at $58,000 per coin, refreshing its two-week high and rising by about 4.18% within the day.
Smartglobies reminds that the cryptocurrency market is extremely risky, and it is not recommended for people who are not prepared to enter. It is worth mentioning that Bitcoin has not yet regained all the ground it lost after setting a record of nearly $64,870 in mid-April. Recently, it has risen and fallen, and there are also a large number of poor people who have liquidated their positions and have nothing.
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