Ethereum made headlines this week after touching new highs on Wednesday and later on Thursday: here is your monthly review for April 2021
Bitcoin struggles to break $56k while Ethereum closes in on $2.8k
It has been another frustrating week for Bitcoin bulls who failed in their attempt to send BTC price above the $56k level. The leading crypto started the week poorly after a weekend that saw its price plunge below $49k. Bears temporarily took control of the market on Monday, with the asset sinking further to a 30-day low just above $47k.
The crypto managed to recover within a few hours, rising to $54.2k before closing the day at $53.4k. BTC price remained around the $54k level for the larger part of Tuesday, peaking just below $55k on the day. Bitcoin finally cut above $55k on Wednesday but failed to breach $56k despite brief spells of an uptrend. Instead, it traded around this range, followed by a slight dip to $54k on Thursday. The crypto is, as of writing, swinging around $54.2k.
Ether has enjoyed a good week seeing enough upside momentum to push its price north past $2,700. The token has generally been on an uptrend since Tuesday after a plunge to $2.2k earlier this week. ETH notched a mid-week high of $2,713 on Wednesday. The price, however, corrected for a few hours before bouncing back and breaking the previous day’s high.
The crypto asset swung around $2,750 on Thursday before climbing to a new all-time high of $2,798 in the evening. Its price has since dropped, but as things stand, there is still a possibility for a break out to $2,800. Ethereum is currently trading around $2,780.
U.S Bank backs NYDIG on its ETF product
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