Bitcoin returns to what has now become the rarified air above $20K, while ether and most other major cryptos are in the green; China's blockchain revolution may not be so revolutionary. thesamreynods and JPRubin23 report
On a day of fireworks and bombast in the U.S., crypto had a little to celebrate as well.
Ether rose even more in Monday trading along with several other major altcoins as investors seemed more receptive to risk. The second largest cryptocurrency by market cap, was changing hands at more than $1,150, a nearly 8% gain over the previous day. Among other major cryptos, SOL and SAND jumped more than 9% and 8%, respectively.
"Bitcoin has been under even pressure for almost all last week," FxPro Senior Market Analyst Alex Kuptsikevich wrote in an email."A brief bounce at the beginning of the day on July 1 was more likely due to emotional excitement from the start of a new period rather than fundamental changes in the situation."ETH’s price weakness continues as"The Merge, which will see the network change from a proof-of-work to proof-of-stake platform, fast approaches.
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