Ethereum Posts New 2024 High As Bitcoin Rebounds From Violent Pullback

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.

ETH is now up 10.5% over the past seven days, while BTC’s weekly gain sits at 7%. Other notable gainers among leading digital assets for the week include Solana (SOL) with 11%, Polkadot (DOT) with 16.5%, Uniswap (UNI) with 42.7%.

Memecoin mania is also raging on, with Dogwifhat (WIF) rallying 62% in 24 hours to surpass a $2 billion market cap for the first time. SHIB, WIF, FLOKI, PEPE, and BONK rank as the five strongest performing top 100 markets of the past seven days with astonishing gains ranging from 93% to 198%.