Market Wrap: Bitcoin Bounces to $54K as Ether Fees Drop Below Average in Past Week
Bitcoin’s recovery may spark momentum that should persist this week, said one trader.
Jed McCaleb’s stellar token rides the altcoin wave as ether pushes to new levels.
Atcoins are rising, ether hits another all-time high and bitcoin’s correlation to gold drops to zero.
The DeFi-related assets have grown by double digits so far this year.
The ether market is experiencing record numbers for spot, futures and DeFi. Bitcoin is in the backseat for now.
Bitcoin’s stagnant market is due to investors continuing to explore other cryptocurrencies, says one trader.