Ethereum gains 1% as Bitcoin is around $ 58K. fights

Ethereum received a 1% price boost as it rebounded while Bitcoin struggled to stay near the $ 58,000 price range as we can see more in today’s Ethereum price news.

Bitcoin still fails to hit $ 58,000 while Ethereum gains 1% in price as the asset approaches its ATH. Bitcoin continues to struggle below the $ 58,000 level as recent attempts to hit that level have failed. At the same time, several altcoins made bigger profits, including ETH, which was just inches away from new highs. The second largest cryptocurrency fell below $ 4,000 less than a week ago, but the landscape has changed a lot since then, as ETH is now above $ 4,700.

Additionally, ETH hit $ 4,800 a few hours ago, meaning it has less than $ 80 left to hit its all-time high. Other larger altcoins are also in the green, with the Binance coin up 5% on the day and recovering to $ 640. Solana was among the top performers with a 9% gain, bringing the coin to $ 220. Cardano is up 2%, Ripple by 3%, Terra by 5%, Avalanche by 6.5%, CRO by 7% and Chainlink by 6%.

In contrast, the two largest meme coins are in the red, with DOGE leading the way with a 1.2% decline while Shiba Inu is rising after its listing on Kraken fell 8%. Additional profits came from Voyager Token with an increase of 33%, Curve DAO tokens with an increase of 19%, Stacks plus 27% and KuCoin also with an increase of 11%. Total crypto market capitalization grew by $ 80 billion in a single day, reaching nearly $ 2.8 trillion on CoinGecko. While the rest of the altcoins have seen some relative gains, BTC has not. The cryptocurrency fell below $ 54,000 but then rebounded above $ 4,000 on Monday.

It went on for the next few hours and reached $ 59,000. After a slight retracement, BTC rebounded and broke the $ 59,000 mark again yesterday. After that it couldn’t go any further and the rejection pushed it south of $ 2000. After a few more swings, BTC stagnated at around $ 57,000. With Bitcoin market capitalization below $ 1.1 trillion, dominance over the rest of the altcoins continues to decline, with the index above 44% a few weeks ago but then falling below 41%.