Ethereum (ETH) Reclaims $3K Level as Bitcoin (BTC) Eyes $52K (Weekend Watch)
UNI has finally retraced hard after the recent price explosion, but remains above $10.
Bitcoin’s price went on the offensive once again after yesterday’s retracements and came inches away from tapping $52,000.
Most altcoins are also slightly in the green, with ETH surging past $3,000 and SOL maintaining above $100.
BTC to Challenge $52K?
After a few consecutive weeks of price increases, the primary cryptocurrency had a quieter seven-day period this time. The only notable price surge came on Tuesday when the bulls drove the asset to a new multi-year peak of precisely $53,000.
However, a sharp rejection followed that pushed the cryptocurrency south by more than two grand. It tried to recover most of the losses but ultimately fell below $51,000 on a few occasions.
The next couple of days were calmer, but BTC still struggled to post any substantial gains. Just the opposite, the cryptocurrency fell to a multi-day low of $50,600 yesterday.
The landscape has changed since then, though. Bitcoin began another leg-up that resulted in gaining over a grand in hours and jumping to nearly $52,000. As of now, BTC has been unable to conquer that line even though it is more than 1% up on the day.
Its market capitalization has gone above $1 trillion once again, but its dominance over the altcoins is down to 48.6%.
ETH Reclaims $3K
Perhaps driven by the hype around the potential approval of spot Ethereum ETFs, the second-largest digital currency, has been on the rise in the past few weeks. This led to the inevitable challenge of the $3,000 level. The asset jumped above it a few times lately but was always pushed back down. The past 24 hours saw another increase that has driven ETH to just over $3,000, following a 2.5% increase.
Solana has remained above a round-numbered milestone, as it stands at north of $100 now. BNB, XRP, ADA, AVAX, and LINK are also slightly in the green.
UNI has dumped the most on a daily scale (-16%), but it is still up by double digits since Friday after this proposition.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Figure Founder’s Letter: DeFi Will Eventually Become the Mainstream Method for Asset Financing as the First RWA Stock
Blockchain has completely reshaped how assets are initiated, traded, and financed. This is not just a fintech makeover that puts "lipstick on a pig" of old things, but rather an entirely new capital market ecosystem.

Bitget Wallet monthly active users surpass 12 million, ranking first in global wallet downloads in August
Bitget Wallet, a leading global Web3 wallet, reached a milestone this August with over 12 million monthly active users (MAU). During the same period, according to data from the Apple App Store and Google Play Store, its app downloads reached 2 million, ranking first among global Web3 wallets.

Bitcoin Reaches $115K Amidst Options Expiry and Market Shifts
Bitcoin Passes $115,000 Amid Market Optimism
Trending news
MoreCrypto prices
More








