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Ether is leading the crypto market higher as Bitcoin investors buy dip


Ethereum’s ether (Et) Take a ride early on Wednesday, leading the crypto market higher after a moderate sinking earlier this week.

ETH has ruined above the $ 3,200 level at the first time since early February, gaining 6.5% in the past 24 hours, CoinDesk data is displayed. It has now been a whole 22% in the past seven days.

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Bitcoin

Also bouncing above $ 119,000 in the first hours of the US session, up 2.6%. The CoinDesk 20 IndexAn extensive benchmark -based majors, up to 4.5%.

BTC investors bought DIB this week for $ 116,000 from Record Highs Hand Over Fist, Analytics Firm Glassnode mentioned. According to company data, market participants “stepped up aggressively,” striking around 196,600 BTC ($ 23 billion) between $ 116,000 and $ 118,000 levels.

Meanwhile, strong flows to see funds exchanged exchanges and continuous bidding from Crypto Treasury companies provide a tail for ETH.

The US listed on ETF ETF booked the outflow records of more than $ 900 million last week, worth 29% of all this year’s flow, Anagram partner David Shuttleworth mentioned. With $ 450 million with just two days a week, the flowers can exceed $ 1 billion this week, he added.

Sharpink gaming (SBET) Announced this week it gained more than 74,000 ETH with $ 257 million capital left for further purchase, while Bitmine Immersion (BMNR) Buy more than $ 500 million of ownership.

Read more: The Altcoin period returns? Bitcoin combines with Eth, Sui, Sei with the manages



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