Ethereum Spikes 5% to 6-Day High, Bitcoin Eyes $22K (Market Watch)
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Ethereum has added almost 5% of value in the past 24 hours and sits at a multi-day high. ETC is the most substantial gainer from the larger-cap alts.
Following several days of sideways trading, bitcoin finally took a small step forwards and challenged the $22,000 mark.
Most altcoins are well in the green today, led by gains from Ethereum and Ethereum Classic. The former is up by 5% to a 6-day high, while the latter has soared by double digits.
Can Bitcoin Take Down $22K?
Ever since last week’s price tumble, which drove bitcoin from a multi-month peak of $25,200 to a multi-week low of under $21,000, the cryptocurrency has been struggling.
It calmed around $21,000 and stood there for days aside from a few brief pumps and dumps. The situation finally seemed to start changing hours ago when BTC initiated a leg up and neared $22,000.
However, it was stopped just before reaching that line. As of now, it stands inches away from it, while the bulls hope to make a run later.
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