Ether hits $2,700 as Bitcoin and Other Major Altcoins Underperform

TL;DR

• Ether is the best performer among the top 10 cryptocurrencies by market cap.

• Bitcoin and other major altcoins are underperforming as the market lost 0.5% of its value.

ETH Surge Higher as Others Falter

The cryptocurrency market started the week bearish, with Bitcoin and other major altcoins currently in the red. However, Ether, the second-largest cryptocurrency by market cap, is up by more than 1% in the last 24 hours.

At press time, ETH is trading at $2,700 and could rally higher if the bullish trend continues. There is no major catalyst behind ETH’s positive move, as other major altcoins underperform.

Bitcoin, the leading cryptocurrency by market cap, is down less than 1% and trades above $95,700 per coin. Solana’s SOL is the worst performer among the top 10 cryptocurrencies, down 5% in the last 24 hours. Over the last seven days, SOL has lost 15% of its value as it underperforms compared to the broader market.

BNB, DOGE, and XRP have also lost 2% of their values in the last couple of hours, while Cardano’s ADA and Tron’s TRX are also down 1%. Thanks to the ongoing bearish performance, the total cryptocurrency market cap has dropped to $3.17 trillion, down 0.5% in the last 24 hours.