ether spiked and Bitcoin went green as global on Tuesday night cryptocurrency The market cap was up 4.6% to $972.5 billion as of 9:23 p.m. EDT.
| coin | 24 hours | 7 days | Price |
|---|---|---|---|
| Bitcoin BTC/USD | 4.5% | 4.55% | $20,153.09 |
| ether ETH/USD | 9.8% | 12.8% | $1,469.73 |
| Dogecoins DOGE/USD | 7% | 6.7% | $0.06 |
| cryptocurrency | 24-hour % change (+/-) | Price |
|---|---|---|
| clay coin (TON) | +29.1% | $1.90 |
| Lido DAO (I DO) | 12.2% | $1.7 |
| Cardano (ADA) | +10.2% | $0.40 |
See also: Best cryptocurrencies under 1 cent
Why it matters: Ethereum is up 12.5% so far this week. The second largest coin’s weekly gains overshadowed Bitcoin’s 4.35% appreciation over the time frame.
The two largest coins rallied on Tuesday despite the Google parent alphabet missing earnings estimates and Microsoft Revealing weak leadership keep going. The tech-heavy Nasdaq closed up 2.25% on the day.
Nasdaq futures are down 2.2%, while S&P 500 futures are trading 1.1% lower at the time of writing.
Michael van de Poppe said that Ethereum “cracked a lot of levels” with its massive movement. “Great flip from $1,320 inducing a continuation towards $1,500. [Ethereum] will tilt [Bitcoin] this cycle, but now is not the time to hunt. Looking for some healthy corrections to take the next step to $1,600,” the cryptocurrency trader said on Twitter.
#Ether cracked a lot of levels with this massive move.
Great flip from $1,320 starting a continuation towards $1,500.#Ether will tilt #Bitcoin this cycle, but now is not the time to hunt.
Look for some healthy corrections to take the next step to $1,600. pic.twitter.com/z3d6O5nYY8
— Michaël van de Poppe (@CryptoMichNL) October 25, 2022
Meanwhile, an Ethereum whale wallet that hasn’t been active for more than 6 years has moved $22.2 million worth of ETH to an empty wallet, it noted mood.
“[Ethereum’s] Price is +8.1%…
