The crypto markets are experiencing slight price variations after the recent uptick[1], with Bitcoin[2] (BTC) breaking $9,000 earlier today, April 21, and Ethereum[3] (ETH) briefly over $600, according to Coin360[4] data.
BTC is now trading for around $8,700, up around 2 percent over a 24 hour period to press time. BTC dominance is slightly up from yesterday, now around 39.9 percent, according to data from CoinMarketCap[5].
ETH is down around 1 percent over a 24 hour period, trading for around $589 to press time.
The top ten coins listed on CoinMarketCap are a mix of red and green, with altcoin Stellar[6] down the most, with a decline of more than 4 percent over a 24 hour period, currently trading around $0.36. Ripple[7] (XRP) is also down around 4 percent over a 24 hour period after yesterday’s more than 20 percent gains, currently trading around $0.83 to press time.
EOS[8] is up the most of the top ten coins, around 3 percent over a 24 hour period and trading for around $10.63 to press time.
The market’s recent gains, despite some price waffling today, could be attributed to Tom Lee[9] of Fundstrat’s hypothesis[10] that the market would bounce back after a crypto sell off leading up to US tax day on April 17.
The rising interest in crypto by Wall Street[11] - shown by several execs leaving[12] their traditional financial jobs to join the crypto sphere, as well as by institutions like the Rockefeller’s Venrock partnering[13] with Coinfund and the Soros Management Fund
