Ethereum Soared To 9-Day High While Bitcoin Maintained $20K

Ethereum soared to 9-day high while Bitcoin managed to stay near the $20,000 level as we are seeing some more into the latest altcoin news today.

Despite the recent volatility, BTC managed to sustain above $20,000 and most altcoins were in the green as well with ETH spiking to a 10-day high at $1200. last week ended on a highly volatile note and BTC surged by  $2000 in minutes to under $21000 but now it this turned out to be a fake breakout as the crypto retraced just as fast.

Following such enhanced price fluctuations, the asset calmed at $19,000 when the weekend came with the 4^th of July celebrations ongoing and nothing really happened in terms of price action. The landscape changed when BTC spiked to $20,000 before experiencing another roller coaster and then dropped to $19,250 and increased to $20,600. after another retracement to below $20K levels, BTC jumped back above this line and remained there so now the market cap is close to $400 billion and the dominance over altcoins is at 42.4%. most altcoins saw similar price movements but are in the green on a daily scale.

Ethereum soared to a 9-day high after increasing 3% in one day and the second biggest asset jumped to over $1200 hours ago so now, ETH trades slightly under this level. Ripple, Cardano, BNB, Solana, DOGE, SHIB, and DOT all charted smaller gains and TRON entered the red. Most smaller-cap altcoins are in for the daily scale and the overall market cap of the assets stands calm at over $900 billion. The CEO of FTX Sam Bankman Fried said that his company has a few billion left to bail out other companies that are struggling now.

While in the other news we saw that one of the companies Elon Musk runs, Boring Company will start accepting DOGE for payments. The authorities of the US and South Korea noted that they will start sharing data with each other after the Terra collapse and Ethereum performed the Sepolia testnet.

As recently reported, The Ethereum merge gets closer after the Sepolia test today moved over to the PoS. The Merge is the long-awaited update to the network which is expected to happen this year. Ethereum is a step closer to The Merge now after Sepolia executed its own merge and switched to PoS. The testnet allows for everyone using a blockchain to try the new tech before launching on the main network or undergoing an upgrade. This is quite important with public networks like Ethereum because developers can ensure upgrades work well and billions are protected.