Ethereum (ETH) exceeds $ 3,000 while Bitcoin (BTC) exceeds $ 44,000

Today is a “green” weekend for the crypto market as most of the major digital assets are posting daily gains.

Over the past two days, many eyes have been on Ethereum (ETH) price movements since the blockchain underwent a massive network upgrade called London Thursday. Among other improvements, it also introduced a deflationary token-burning mechanism, and many expected the price of ETH to rise – and it did.

Hello, London! Congratulations, Ethereum! 🥳

– Laura Shin (@laurashin) August 5, 2021

At the time of writing, ETH was trading at around $ 3,161, up 9.7% in the past 24 hours, according to the crypto metrics platform. CoinGecko.

Interestingly, over 10,000 ETH has already been burned since the London upgrade, worth over $ 31,000 million at current prices.

Rather green weekend

Meanwhile, Bitcoin hit a 24-hour high of around $ 44,700, up 4% on the day.

Among the top 10 cryptos by market cap, however, only Dogecoin managed to post double-digit growth. The price of dog-themed meme coins rose 34.2% on the day and hit $ 0.276 at time of publication.

Other leading cryptos have shown somewhat more modest results over the past 24 hours. Binance Coin (around $ 356, + 4%), Cardano ($ 1.48, + 5.2%), Ripple’s XRP ($ 0.833, + 11.6%) and Uniswap ($ 28.49 + 8.2% ) remained in the green zone.

DeFi also follows

Decentralized Finance (DeFi) has also followed the upward trend, with the industry growing 6.75% as a whole in the past 24 hours.

Besides 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%) led the charge in terms of daily earnings, according to CryptoSlate’s DeFi sector data.

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