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Bitcoin Revisits $35,000, Keeps Outperforming Ether

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Thu, 24/06/2021 - 18:10
Bitcoin Revisits $35,000, Keeps Outperforming Ether
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Bitcoin managed to revisit the $35,000 level at 5:07 p.m. UTC on the Bitstamp exchange.        

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Earlier today, the cryptocurrency dipped to $32,314, but bulls now appear to be in the driver’s seat once again.      

Venture capital giant Andreessen Horowitz announcing its $2.2 billion cryptocurrency fund might have helped to prop up the market. 

According to Fundstrat’s Tom Lee, this is “positive news” for Bitcoin and the whole cryptocurrency ecosystem.   

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Bitcoin Miners to See Biggest-Ever Increase in Profitability

Ether is failing to catch up

Despite Ethereum's London hardfork going live on the Ropsten testnet earlier today, Ether, the second-largest cryptocurrency, is being outperformed by Bitcoin.

The ETH/BTC pair is down 0.71 percent today. Ethereum has lost almost 26 percent of its value against Bitcoin in just over two weeks.

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