Bitcoin takes a breather, Ethereum and Dogecoin keep pumping

After Bitcoin reached its new all-time high yesterday, the cryptocurrency is currently taking a breather. Meanwhile, Ethereum and Dogecoin keep pumping.

After weeks of sideways trend, Bitcoin managed to venture a new breakout. This is likely to have had something to do with the IPO of the largest US crypto exchange Coinbase. Current information about the Coinbase IPO can be found in our News ticker. Due to this fact, the crypto reserve currency was able to reach its new high of 64,863.10 US dollars on yesterday’s trading day at 1:44 p.m. In a weekly comparison, the digital store of value was able to increase by a little over 14 percent. The first profit-taking then ensured that the BTC rate was temporarily pushed down to 61,554 US dollars yesterday evening. However, Bitcoin was able to avoid a larger price decline, so that the industry leader is consolidating at 63,283 US dollars at the time of going to press – a decrease of 2.43 percent on the daily basis.

Bitcoin takes a breather, Ethereum takes off

While Bitcoin is taking a breather, Ethereum doesn’t seem to have run out of steam so far. But on the contrary. After the cryptocurrency reported a new high just yesterday, ETH didn’t dwell on it for long and catapulted itself straight to the next ATH at US $ 2,480.85. In a daily comparison, the cryptocurrency was able to gain 7.5 percent.

One reason for the ongoing ETH bullrun could be the imminent launch of the Berlin Hardforks are related. On the website Etherscan a timer has been set up, according to which the update should go live today at 12:03 p.m. CET. Overall wants Berlin Make four improvements to the Ethereum Blockchain, which, among other things, should also lead to lower transaction fees. You can find a full technical breakdown here.

Elon Musk drives Dogecoin

The bullrun of Bitcoin and Co. does not leave out the Dogecoin either. The Memecoin pumped a full 130 percent on a weekly basis and even reached a new all-time high of 0.1425 US dollars yesterday. However, anyone who thought that this would end the rally should now have been taught better. The DOGE rate is at $ 0.1353 at the time of going to press, but the meme currency has hit 0.14 again in the past few hours.

Once again, prominent support comes from the USA. Elon Musk comes to the aid of his favorite coin on Twitter. There he tweeted again at 6:33 a.m. memes related to the Dogecoin. Specifically, he wrote: “Doge barks at the moon”. That made an impact. If the DOGE price was still at $ 0.128 at 6:29, it shot up to $ 0.142 after Musk’s tweet.