Ethereum

Cryptocurrency

Bitcoin

Rise

Bitcoin’s price recovery continues as the asset flew past $60,000 and neared $63,000 for the first time since the weekend.
The altcoins have also turned green once again. This time, Ethereum leads the pack with a notable 10% surge.
<h2 id="btc-goes-beyond-60k">BTC Goes Beyond $60K</h2>
CryptoPotato reported the market-wide crash that transpired at the end of last week and especially on Monday, in which BTC’s price <a href="https://cryptopotato.com/3-possible-reasons-behind-bitcoins-10000-weekly-price-dump/" data-wpel-link="internal" rel="noopener noreferrer nofollow">tumbled</a> from over $66,000 to a 6-month low of $49,500 within the span of just a few days.
However, the asset started to recover almost immediately. It jumped to $53,000 on Tuesday and climbed to over $57,000 by Wednesday. After a <a href="https://cryptopotato.com/ripple-xrp-skyrockets-by-double-digits-bitcoin-btc-calms-at-57k-market-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">minor retracement</a> on Thursday, the bulls stepped up on the gas pedal earlier today once again.
As a result, bitcoin skyrocketed to over $60,000 but kept going up. This culminated in <a href="https://cryptopotato.com/bitcoin-soared-to-almost-63000-following-death-cross-rally/" data-wpel-link="internal" rel="noopener noreferrer nofollow">nearing $63,000</a> for the first time since last Saturday. Despite failing to maintain that rally and retracing slightly, the cryptocurrency is still more than 6.5% up on the day and sits around $61,000.
Its market capitalization has managed to reclaim the $1.2 trillion level, while its dominance over the alts has risen to 53.9%.
<figure id="attachment_352440" aria-describedby="caption-attachment-352440" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-9.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-352440" src="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-9.png" alt="Bitcoin/Price/Chart 09.08.2024" width="3030" height="1478" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-9.png 3030w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-9-300x146.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-9-1024x499.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-9-768x375.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-9-1536x749.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-9-2048x999.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-9-50x24.png 50w" sizes="(max-width: 3030px) 100vw, 3030px"></a>
 <figcaption id="caption-attachment-352440" class="wp-caption-text">
 Bitcoin/Price/Chart 09.08.2024. Source: TradingView
 </figcaption>
</figure>
<h2 id="eth-on-the-rise">ETH on the Rise</h2>
Ethereum’s native token was among the poorest performers during the recent crash. It came inches away from breaking below $2,000. However, ETH has bounced off nicely in the following days. The past 24 hours alone have been quite beneficial for it as it has added more than 10% of value and now trades well above $2,600.
DOGE, SHIB, and AVAX are the other notable gainers from the larger-cap alts. In contrast, XRP has retraced slightly after the <a href="https://cryptopotato.com/how-high-can-ripples-xrp-price-go-after-the-125-million-fine-top-analyst-predictions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">massive surge</a> experienced following the $125 million fine slapped by a US judge regarding Ripple’s legal battle against the SEC.
Most other larger- and mid-cap alts are also in the green, which has helped the total market cap rise to $2.234 trillion on CG.
<figure id="attachment_352444" aria-describedby="caption-attachment-352444" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-09-114856.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-352444" src="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-09-114856.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="3122" height="1486" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-09-114856.png 3122w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-09-114856-300x143.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-09-114856-1024x487.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-09-114856-768x366.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-09-114856-1536x731.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-09-114856-2048x975.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-09-114856-50x24.png 50w" sizes="(max-width: 3122px) 100vw, 3122px"></a>
 <figcaption id="caption-attachment-352444" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/ethereum-eth-explodes-10-daily-bitcoin-btc-jumps-above-60k-market-watch/" rel="noopener noreferrer nofollow">Ethereum (ETH) Explodes 10% Daily, Bitcoin (BTC) Jumps Above $60K (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Ethereum (ETH) Explodes 10% Daily, Bitcoin (BTC) Jumps Above $60K (Market Watch)

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