Facebook has not got into Bitcoin after all. Meanwhile, Ethereum outperformed the cryptocurrency, as JPMorgan writes.
Yesterday there was great hope in the Bitcoin community. When rumors circulated about a possible entry of the US giant Facebook into the cryptocurrency, the BTC price recorded a slight increase. In the meantime, the digital store of value has even surpassed the 56,000 mark again. After Facebook then his Quarterly figures at about the same time as Apple presented, disappointment spread when there was no evidence of an investment in the document. Investor frustration also seemed to have carried over to the BTC rate, which occasionally fell to $ 53,563. At press time, the industry leader is trading at $ 54,405.
JPMorgan: “Ethereum outperformed Bitcoin”
Contrary to the developments around Bitcoin, both Ethereum and Uniswap can report positive news, because the rally of the two cryptocurrencies continues today. Yesterday, the news that the European Investment Bank wanted to use the ETH blockchain to conduct its bond business in future provided a real price boost. As a consequence, the second most valuable cryptocurrency hit a new all-time high at $ 2,709. But the rally did not end there. Just a few hours ago, Ether climbed a new historic peak at $ 2,757.88. At the time of going to press, the ETH price is trading at $ 2,733.
It’s no secret that Ethereum outperformed Bitcoin in April. How Business insider reported, JPMorgan allegedly found three reasons for the outperformance in a letter to investors. While Bitcoin has its qualities more in the storage of value, a completely new branch of industry is developing around Ethereum. The bank therefore believes it is very possible that this outperformance could continue.
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Just like Ethereum, Uniswap can continue its bull run. The DeFi token was able to announce a new all-time high yesterday. Since then, however, UNI has made further gains and corrected its ATH to US $ 43.89 a few hours ago. At the time of going to press, however, a few profit-taking seem to be undermining UNI’s course. It is currently at $ 42.12.
Dogecoin pumps after Elon Musk’s tweet
Elon Musk has done it again. After the Tesla boss gave himself the title “Dogefather” in a tweet yesterday and left a reference to an appearance on a comedy show, the DOGE course went up again steeply. Shortly after the post was published, the meme currency shot from $ 0.25 to $ 0.33. An increase of 32 percent.
Musk has often provided both DOGE and Bitcoin pumps. It was not until mid-April that one of his tweets was once again used as the starting point for the subsequent rally, in which the cryptocurrency set a new all-time high. After that, the euphoria flattened a little and the call for Dogeday did not bring the desired success either. It remains to be seen whether the growth trend will last longer this time. At press time, DOGE is trading at $ 0.31.