Ah, the world of altcoins, where fortunes are made faster than a Russian winter’s chill! The past weeks have been full of these crypto rebels making their own mark, each with a surge more spectacular than the last. And of course, leading the charge, like a mighty steed galloping ahead, is Ethereum itself. A mere 8% increase in one day? Hardly impressive—except, of course, when you realize it’s above $2,500 now. A small step for Ethereum, a giant leap for crypto-kind.
ETH‘s Wild Ride Continues
Ah, what a tragedy it was just a month ago when ETH plunged to its lowest in a year, falling to a pitiful $1,400. It was the kind of dip that made even the hardiest of crypto holders weep silently into their keyboards. But, as history teaches us, from the ashes of despair rises the phoenix. And rise it did, despite the struggle to cross $1,800. With a little help from the latest Pectra upgrade and some positive global news, ETH is now soaring like a bird set free after too long in a cage.
On the daily charts, Ethereum has shot up by 9%, but that’s nothing compared to the weekly explosion – a staggering 40%! And it has surpassed the psychological barrier of $2,500, much to the joy of its fans and the dismay of those still clutching their bags of less fortunate coins.
Not to be left behind, the other altcoins have followed suit, with some notable stars among them. DOGE, in its usual eccentric way, has leapt by 16% and is now happily perched above $0.24. Other coins like ADA, AVAX, LINK, and SHIB are also strutting around with their impressive gains, while LEO, unfortunately, is looking more like the kid who wasn’t invited to the party.
The total market cap has added a lovely $70 billion, bringing it to a comfortable $3.47 trillion, like an old man finally getting the retirement he deserves after years of hard work.
Bitcoin: The Old Guard’s Slow But Steady Climb
Meanwhile, Bitcoin, ever the reluctant participant in these boisterous celebrations, has seen a more modest increase. It has climbed a mere 1% today, trading comfortably above $104,000, after hitting a wall at $105,000. Not bad, but not exactly world-shattering either.
Still, Bitcoin has managed to rise by 9% over the week, breaking through the $100,000 mark for the first time in over three months. This is something to be celebrated, surely, but don’t get too excited – the dominance it once had over the altcoins is now under 60%. It’s the crypto equivalent of being dethroned by the younger, flashier crowd.
But fear not, Bitcoin’s market cap is still on the rise, now sitting at a comfy $2.07 trillion, a testament to its enduring legacy, even if it has become a little too aristocratic for the new, wild crypto world.
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2025-05-11 08:39