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Home Tech Crypto Ethereum price hits $3.5K record as Winklevoss exchange adds Dogecoin

Ethereum price hits $3.5K record as Winklevoss exchange adds Dogecoin

Document Analysis NLP IA

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positive
sentiment

Sentiment0.15215273856578
objective
redaction

Subjectivity0.35474308300395
it's an affirmation
Affirmation0.53571428571429

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Summary (IA Generated)

Ether (ETH) hit $3,500 on May 4 as the star of this week‘s altcoin rally battled Dogecoin (DOGE) for returns supremacy.

Data from Cointelegraph Markets Pro and Tradingview followed ETH/USD as the pair broke through its latest historic boundary and continued climbing.

At the time of writing, the largest altcoin by market cap was in pure price discovery mode as it sought resistance above $3,500.

The week had already seen new highs for Ether price on a daily basis, with seven-day gains standing at 36%.

Source: CoinMarketCapWinklevoss calls Dogecoin ‘the people‘s money‘.

Discovery of a new price ceiling was likewise still in progress at the time of writing, with DOGE/USD taking out $0.

DOGE/USD 1-day candle chart (Bittrex).

Bitcoin (BTC) predictably felt the heat from the altcoin advance, shedding both market dominance and price strength to near $55,000 for the second time in 24 hours.


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