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Ethereum has increased by almost 5% in value over the past 24 hours and is at its highest level in days. ETC is the token that gained the most significant price from larger caps.
Most altcoins are “in the green” today, led by profits from Ethereum and Ethereum Classic. ETH advanced by 5% to a 6-day high, while ETC rose to double digits.
Can Bitcoin go down to $22K?
Since last week’s price drop, Bitcoin went from a multi-month high of $25,200 to a multi-week low below $21,000, the cryptocurrency has struggled.
BTC has been stabilizing at around $21,000 for several days. The last change was a few hours before BTC started rising and reached nearly $22,000.
However, it was stopped just before it nearly reached that level. Currently, BTC stands a few inches away from $22,000, while the bulls are ready for BTC’s rally.
So, BTC’s Market Cap has increased by several billion in one day and now stands at $415 billion. However, its dominance over altcoins took a hit and fell below 40%.
ETH and ETC lead the way
These coins have also been quite stagnant for the past few days but today there are more positive changes.
Ethereum is one of the most notable examples. It dropped from $2,050 to $1,550 in just a few days, but it began to recover earlier this week. Another 5% gain over the past 24 hours pushed the second-largest cryptocurrency to a 6-day high of more than $1,700, leading to questions about whether the upcoming The Merge event will be valued.
Binance Coin has also hit multi-day highs at over $300 after rising 3% daily. Ripple, Cardano, Solana, Dogecoin, Polkadot, Shiba Inu, Avalanche, and Polygon are also now “in the green.”
Ethereum Classic has made the most profit from larger cap coins. ETC rose more than 11% and traded near $40.
The cryptocurrency market cap has increased by about $30 billion in one day and now stands at $1.05 trillion.
