Ethereum hits seven-month high
Today's leader is Ethereum. Days before the Shanghai update, Ethereum hit its seven-month high of $1,925. The leading cryptocurrency Bitcoin, on the other hand, finds $28,500 buyers today.
Ethereum surged around 6% a week before the Shanghai update, hitting its seven-month high at $1,925. With this rise seen in Ethereum, it has outperformed Bitcoin by around 5% since the beginning of the week. While Ethereum found buyers at $ 1,910 this morning, Bitcoin is moving around $ 28,500 this morning.
Ethereum has been going up
Analyzing the macro agenda, recession concerns increased with the data coming in below expectations from the USA. However, there were negative closings in US stock indices yesterday. While the decline in the dollar index continues, the ounce price of gold continues to increase.
In addition, after the banking crises experienced in the past weeks, the IMF yesterday emphasized the importance of non-bank financial institutions in its Global Financial Stability Report and announced that these institutions should be brought in strong regulations and inspections.
When the crypto market is examined, we can say that Bitcoin and Ethereum started the day with a rise, while altcoins followed the major coins. The total value of the crypto market has risen by around 3%, showing activity above the $1.16 trillion level. Bitcoin's dominance declined to 47.1%, while Ethereum's dominance increased to 19.6%. Today, AGLD, LINA, STG and RSR stand out as the most rising crypto money in Bitay with double-digit gains.
If macro is on the agenda today, ADP private sector employment data will be on our radar. According to the data to be announced at 15:15 Turkish time, the market expectation is 200 thousand. After the data, volatility can be observed in the markets.
