Ethereum's Resilience and Strong Price Action Amid Bitcoin's Volatility.

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Source: Decrypt
Ethereum's Resilience and Strong Price Action Amid Bitcoin's Volatility.
Photo: Decrypt
TL;DR Summary

Bitcoin and Ethereum saw price rallies this week, with Bitcoin crossing the $30,000 support barrier for the first time in nine months and Ethereum hitting $2,100 for the first time in eleven months thanks to the launch of the "Shapella" upgrade. Solana had the biggest rally among the top thirty cryptocurrencies, rising 16% due to the release of Saga, an Android phone powered by the Solana blockchain. Other notable rallies include Cardano, OKB, Aptos, and NEAR Protocol. The release of the latest U.S. inflation numbers by the Bureau of Labor Statistics was a key driver for Bitcoin's surge in value.

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