Bitcoin was down 1.25% to trade at $41,160. Its market cap is $707.7 billion.
Among the coins in the top 10, Polkadot (DOT) rose the most, while Ethereum (ETH) and Uniswap (UNI), a decentralized exchange (DEX) based on Ethereum, showed a remarkable rise.
Polkadot (DOT) rose by 14.56% and is showing a sharp rise of 44% for one week. This is because DeFi projects such as Ave and Curve are adopting multi-chain to overcome the high fees and slow speed of Ethereum. Polkadot is an interchain project that connects different blockchains.
ETH broke the 2,600 level at $2666. It rose 6.28% and surged 23.78% over the week.
It is skyrocketing with anticipation ahead of the London hard fork, which is an important process to upgrade to Ethereum 2.0.
UNI, the 10th largest by market capitalization, also surged along with Ethereum. UNI is a marketplace for exchanging Ethereum-based tokens, and it is a coin that has a very high price correlation with Ethereum.
The market capitalization of cryptocurrencies was $1.6 trillion, up 1.79% from the previous day.
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3 Reasons Why Ethereum (ETH) Is Difficult to Break Through $5000 – Cointelegraph