Reported about 11 hours ago
Cryptocurrencies are experiencing a rally, led by Ethereum, which has surged over 2.5% while Bitcoin faces a critical inflection point down about 10% from its mid-August peak. Ethereum's prices are bolstered by significant interest in stablecoins, which are primarily backed by the Ethereum ecosystem. Recent market shifts indicate that investor funds are increasingly moving from Bitcoin to Ethereum, with analysts warning that Bitcoin must stabilize for the broader crypto market to thrive.
Source: YAHOO