Bitcoin, Ethereum Diverge After Tesla Crypto Sale, Dogecoin Slips: Analyst Sees ‘Enough Volatility To Make Money’

Bitcoin, Ethereum and other major coins traded mixed Thursday evening as the global cryptocurrency market rose 1.15% to $1.05 trillion at press time.​​

Price Performance Of Major Coins

Coin
24-hour
7-day
Price

Bitcoin (CRYPTO: BTC)
-0.7%
12.7%
$23,139.08

Ethereum (CRYPTO: ETH)
3.1%
32.46%
$1,575.26

Dogecoin (CRYPTO: DOGE)
-0.4%
12.1%
$0.07

Top 24-Hour Gainers (Data via CoinMarketCap)

Cryptocurrency
24-Hour % Change (+/-)
Price

Curve DAO Token (CRV)
+21.2%
$1.40

Synthetix (SNX)
+15%
$3.29

Cosmos (ATOM)
+14.1%
​​$11.06

See Also: How To Get Free Crypto

Why It Matters: The divergence between Bitcoin and Ethereum was in play on Thursday. The top cryptocurrency by market cap continues to be under pressure after news of Tesla Inc’s (NASDAQ: TSLA) sale was disclosed on Wednesday.

“Tesla dumping a good portion of their Bitcoin holding news caught many off guard and helped end the rally above the $24,000. This is not a game changer for Bitcoin, but it unsettled a good portion of the avid social media followers,” said OANDA Senior Market Analyst Edward Moya, in a note seen by Benzinga.

Moya expects Bitcoin to be “choppy” until the …

Full story available on Benzinga.com

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