Ethereum Overtakes $1,600, Bitcoin Crosses $37,000

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Ethereum is up by another $100 today, or 7%, rising to $1,620 at the time of writing as it seemingly turns bullish. Its unfiltered trading volumes have further increased to $59 billion, up from $36 billion yesterday. While its market cap nears $200 billion, currently at $180 billion, with defi’s market cap also jumping to $57 billion. The currency seems to be leading following an influx of new investors that appear to be attracted more to eth because of its smart contracts and decentralized finance. Bitcoin has been rising too however, overtaking $37,000 to be again about 10% from its all time high of circa $40,000 reached just recently. Bitcoin has risen by about 20% in the past week, propelled by institutional investors that more and more are warming up to the digital gold. Billionaire Ray Dalio, for example, just recently u-turned on the currency and implied his hedge fun,…

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