Market Wrap: PayPal Powers Bitcoin Past $12.8K as Ether Dominance Drops
Bitcoin’s price hit a 2020 record as ether’s share of the market dips.
Within two hours of the State Council statement, BTC fell 11%, based on CoinDesk 20 data.
Jed McCaleb’s stellar token rides the altcoin wave as ether pushes to new levels.
Ether’s dominance is at 19.78%, the highest it has been since May 16.
Some see ether and bitcoin now behaving as very separate assets, which normally isn’t the case.
DeFi and the prospect of trading futures have crypto investors scooping up ETH.