{"id":196428,"date":"2021-08-08T01:37:45","date_gmt":"2021-08-08T00:37:45","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=196428"},"modified":"2021-08-08T01:37:45","modified_gmt":"2021-08-08T00:37:45","slug":"ethereum-eth-breaks-above-3000-as-bitcoin-btc-breaks-above-44000","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ethereum-eth-breaks-above-3000-as-bitcoin-btc-breaks-above-44000\/","title":{"rendered":"Ethereum (ETH) breaks above $3,000 as Bitcoin (BTC) breaks above $44,000"},"content":{"rendered":"<p>It\u2019s a \u201cgreen\u201d weekend for the crypto market today as most major digital assets are seeing daily gains.<\/p>\n<p><span style=\"font-weight: 400;\">Over the past couple of days, a lot of eyes have been glued to Ethereum\u2019s (ETH) price movements since the blockchain underwent a massive network upgrade called <\/span><a href=\"https:\/\/cryptoslate.com\/eth-bumps-ahead-of-ethereum-london-upgrade-but-whats-it-about\/\"><span style=\"font-weight: 400;\">London<\/span><\/a><span style=\"font-weight: 400;\"> on Thursday. Among other improvements, it also introduced a deflationary token burn mechanism, and many expected the price of ETH to go up\u2014and it did.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Hello, London! ? Congrats, Ethereum! ?<\/p>\n<p>&mdash; Laura Shin (@laurashin) <a href=\"https:\/\/twitter.com\/laurashin\/status\/1423265545764343811?ref_src=twsrc%5Etfw\">August 5, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, ETH was trading at around $3161, up 9.7% in the last 24 hours, according to crypto metrics platform <\/span><a href=\"https:\/\/www.coingecko.com\/en\"><span style=\"font-weight: 400;\">CoinGecko<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interestingly, more than 10,000 ETH have already been burned since the London upgrade\u2014worth over $31,000 million at current prices.<\/span><\/p>\n<h2>Mostly green weekend<\/h2>\n<p><span style=\"font-weight: 400;\">Meanwhile, Bitcoin reached a 24-hour high of about $44,700, up 4% on the day.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among the top-10 crypto by market capitalization, however, only Dogecoin managed to post two-digit growth. The price of canine-themed meme coins gained 34.2% on the day and reached $0.276 at press time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other top cryptos showed somewhat humbler results in the last 24 hours. Binance Coin (roughly $356, +4%), Cardano ($1.48, +5.2%), Ripple\u2019s XRP ($0.833, +11.6%), and Uniswap ($28.49 +8.2%) remained in the green zone.<\/span><\/p>\n<h2>DeFi keeps up too<\/h2>\n<p><span style=\"font-weight: 400;\">Decentralized finance (DeFi) also followed the upward trend as the sector grew by 6.75% as a whole in the last 24 hours.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apart from Uniswap, other popular tokens such as Chainlink ($24.69, +3.5%), AAVE ($386.84, +5.2%), Maker ($3,413, +4.9%), and Compound ($507.83, +8.7%) were leading the charge in terms of daily gains, according to <\/span><a href=\"https:\/\/cryptoslate.com\/cryptos\/defi\/\"><span style=\"font-weight: 400;\">CryptoSlate\u2019s DeFi sector data<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It\u2019s a \u201cgreen\u201d weekend for the crypto market today as most major digital assets are seeing daily gains. Over the past couple of days, a lot of eyes have been glued to Ethereum\u2019s (ETH) price movements since the blockchain underwent a massive network upgrade called London on Thursday. Among other improvements, it also introduced a [&hellip;]<\/p>\n","protected":false},"author":472,"featured_media":194667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15323,6849],"tags":[60786,60923],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum (ETH) breaks above $3,000 as Bitcoin (BTC) breaks above $44,000<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/ethereum-eth-breaks-above-3000-as-bitcoin-btc-breaks-above-44000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum (ETH) breaks above $3,000 as Bitcoin (BTC) breaks above $44,000\" \/>\n<meta property=\"og:description\" content=\"It\u2019s a \u201cgreen\u201d weekend for the crypto market today as most major digital assets are seeing daily gains. Over the past couple of days, a lot of eyes have been glued to Ethereum\u2019s (ETH) price movements since the blockchain underwent a massive network upgrade called London on Thursday. Among other improvements, it also introduced a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/ethereum-eth-breaks-above-3000-as-bitcoin-btc-breaks-above-44000\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-08T00:37:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/07\/ethereum-bitcoin-17m.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Liam Frost\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Liam Frost\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/ethereum-eth-breaks-above-3000-as-bitcoin-btc-breaks-above-44000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/ethereum-eth-breaks-above-3000-as-bitcoin-btc-breaks-above-44000\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-frost\/#person\",\"name\":\"Liam Frost\",\"url\":\"https:\/\/cryptoslate.com\/author\/liam-frost\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-frost\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/liam-frost\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/03\/author-liam-frost-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/03\/author-liam-frost-300x300.jpg\",\"caption\":\"Liam Frost\"},\"jobTitle\":\"Reporter\",\"description\":\"Liam Frost is a freelance journalist and editor with over 15 years of experience working for various media outlets across the world. 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