Market Wrap: Bitcoin Tests $12K; Ethereum Fees Fall to 3-Month Low
www.coindesk.com
Bitcoin’s price passed $12,000 for the first time since September as Ethereum fees dipped. Bill Noble, cryptocurrency strategist for analysis firm Token Metrics, said momentum is shifting from Ethereum-based decentralized finance, or DeFi, to bitcoin.
Ethereum fees get cheap – for now The second-largest cryptocurrency by market capitalization, ether (ETH), was down Tuesday trading around $369 and slipping 2.6% in 24 hours as of 20:00 UTC (4:00 p.m. ET). “Gas fees are lower as the recent enthusiasm for DeFi tokens, decentralized exchanges and automated market makers has hit a wall for now,” Bonnefous told CoinDesk.
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$ 3549.14
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