Bitcoin Reaches 100K, Ethereum Surges Post-Upgrade
- Bitcoin hit a milestone of $100K, peaking at $103.8K before settling at $103.1K.
- Ethereum surged past $2340 following its PECTRA upgrade.
- Overall crypto trading volume increased by 177% in a week.
- Ethereum’s social media discussions rose by 44%, showing mixed sentiment.
- The 30-day MVRV for Ethereum is at 25.9%, indicating potential caution for buyers.
This week, Bitcoin reached a historic high of $100K, while Ethereum saw a significant rise to over $2340 after its PECTRA upgrade. Trading volumes across cryptocurrencies increased by an impressive 177% compared to the previous week.
Source (2.6)https://insights.santiment.net/read/bitcoin-s-milestone-overshadowed-by-soaring-ethereum-this-week-in-crypto-summary-may-9-8671
