Category: NFT News

Ethereum Posts New 2024 High As Bitcoin Rebounds From Violent Pullback

ETH rallied to $3,900 while BTC bounced back to $67,370.

ETH posted a new 2024 high today while Bitcoin recovered from yesterday’s violent pull-back.

The price of Ether tagged $3,900 for the first time since January 2021 on March 6, with investors turning their attention to the No. 2 cryptocurrency by market cap after Bitcoin tumbled from its new all-time high yesterday.

BTC last changed hands for $67,150, having mostly recovered from a violent shake-out that saw Bitcoin violently fall below $61,000 after posting a new all-time high above $68,750, according to aggregated price data from CoinGecko.

Bitcoin’s pull-back drove $1.2 billion worth of liquidations across the cryptocurrency sector in 24 hours, according to CoinGlass. The move coincided with a new record for daily spot Bitcoin ETF volume and inflows at $10 billion and $648.4 million respectively.