Altcoins Outpaced BTC In Crypto Rally – ETH Is Poised To Surge Above $300

The crypto market looks pretty bloody today, with most of the digital assets trading in the red.

This is after Bitcoin managed to surpass the important $10k limit the day before, but a few hours after that, the king coin dropped a lot in price in just 15 minutes.

At the moment of writing this article, BTC is trading in the red and the king coin is priced at $9,523.05.

It seems that during the past week, altcoins have stolen the spotlight away from BTC despite the strong bounce-back of the king coin from back in March.

Back in March, Bitcoin fell pretty hard in a matter of hours, and the king coin was trading below $4,000.

But, as you can see now, in just a short amount of time, BTC managed to recover, and now, it’s been consolidating below $10k.

The online publication the Daily Hodl noted that the biggest gainers from the past week were Cardano (ADA) and Ethereum (ETH).

Ethereum is posed to surge above $300

As of June 1st ETH was up by 25%. But yesterday, the coin saw a harsh correction, when BTC fell as NewsBTC also noted.

The online publication writes that “Bitcoin crashed $1,500 in three minutes on BitMEX, while other cryptocurrencies such as ETH experienced losses in their own markets. ”

The same online publication also brought up John Bollinger, an important technical analyst known for making the indicator the “Bollinger bands.”

He told traders to be cautious:

Ethereum is primed to fall towards the low-$200s after yesterday’s correction but is still on track to hit $300 by the end of June, according to him.

At the moment of writing this article, ETH is trading in the red and the coin is priced at $237.15.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Trending news

Top Exchanges
Icon
CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

5

Website

Icon
FortuneJack

4.55

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

2046 Articles

Top Exchanges
Icon
CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

4.93

Website

Icon
FortuneJack

4.90

Website

Top Sportsbook
Icon
1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

Trending news