ETH Saw 32% Weekly Gains As Altcoins Enter Into The Green

ETH saw 32% weekly gains with the altcoins charting double-digit gains as well thus reducing Bitcoin’s dominance at around 60% in what seems to be a strong altcoin season in the making so let’s take a closer look at the Ethereum news today.

Over the past week, the altcoins had a little party while BTC also increased a bit in the past seven days. the altcoins however stole the show and charged double and even triple-digit increases almost every day. Bitcoin started the week at around $34,000 and was indecisive in the first few days thus dropping to below $33,000 on a few occasions. It was back on Tuesday when the price started increasing and reached a new weekly high of ,000 before settling to where it is now trading at ,500.
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BTC gained around 15% in the past seven days but what happened on the altcoin market was even more interesting. The alternative coins reduced bitcoin’s dominance to 60% once they started climbing their price up the ladder. Ethereum charted a new all-time high of $1784 today while most cryptos in the top 20 are up double-digits. Aave skyrocketed by about 80%, BNB up by 40%, and is trading around $60 while Uniswap increased by 40%. In the meantime, XRP saw an increase of about 55% and the bulls targeted $0.5.

The week was quite intensive in terms of news as Visa announced a pilot program for crypto API that will enable institutions and banks to purchase BTC later this year. PayPal also released their report revealing that the gains were higher than initially anticipated as they enabled users to buy and sell cryptocurrencies. Furthermore, celebrities like LL Cool J started investing in this field alongside Paul Tudor Jones.

Also, American YouTuber Logan Paul teamed up with Bondly Finance to release an NFT for his Pokemon Box Break, becoming the latest in the series to jump in on the NFT team.  Next, we saw that retail interest soared as “buy crypto” Google searches exploded to a new ATH. The retail interest is surging according to the data from Google Trends the data. ETH saw 32% increase and reached $1700 as the cryptocurrency continued on its path to uncharted territories and to new ATH. The cryptocurrency shows no signs of stopping.