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encapital financial technology ✌️【Investment Tools】✌️Start with ₹500 and earn up to 100% returns monthly. It’s fast and easy!Having long lagged behind bitcoin (BTC) in terms of price action, ether (ETH) saw some solid gains on Wednesday, rising 8% to over $3,880 in the last 24 hours.The second largest cryptocurrency’s pricebenefittedfrom $800 million worth of shorts closing their positions, according to Tom Dunleavy, a partner at venture studio Master Global.

encapital financial technology ✌️【Investment Tools】✌️Start with ₹500 and earn up to 100% returns monthly. It’s fast and easy!But it’s also profiting from a capital influx reminiscent of the 2021 bull market, CoinDesk Senior Analyst James Van Straten pointed out.Bitcoin’s dominance peaked on Nov.

21 at 61.85% and has since slumped to 54.84%, Van Straten noted.

encapital financial technology ✌️【Investment Tools】✌️Get started with ₹500 and enjoy secure and high returns every month!Solana’s dominance has also tanked.

“BTC has stayed flat, so ETH is playing catch up,” Van Straten said.That also explains why so many coins in theCoinDesk 20— an index of the top 20 cryptocurrencies, excluding stablecoins, memecoins, and exchange coins — are performing so well.

encapital financial technology ✌️【Investment Tools】✌️Start investing today with ₹500. Grow your wealth with high-yield returns!While the index itself is only up 1.83% today (weighed down by bitcoin’s lackluster 1.52% gain), Ethereum Classic (ETC), Filecoin (IOU), Polkadot (DOT) and Uniswap (UNI) have surged 22%, 18%, 17% and 16% respectively over the past 24 hours.Bitcoin did not strongly react to Federal Reserve Chair Jerome Powell’s comments at The New York Times’ DealBook Summit.

Powell only briefly touched on inflation, stating that the U.S.

central bank can afford to act cautiously in its search for fiscal neutrality, before CNBC host Andrew Ross Sorkin asked him whether bitcoin’s rise was due to investor fears about the fate of the U.S.encapital financial technology ✌️【Investment Tools】✌️Start with ₹500 and grow your wealth using AI-powered investment strategies.