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Altcoins And DeFi Tokens Rally As Ethereum Price Hits $1,650

Sentiment throughout the cryptocurrency sector continues to improve as Ether (ETH) price ventured into uncharted territory and notched a new all-time high of $1,653 on Feb. 3. 

Meanwhile, Bitcoin (BTC) bulls appear to have their eyes set on the $40,000 mark and according to Cointelegraph analyst Marcel Pechman, this Friday’s $1 billion BTC options expiry favors bulls.

Data from Cointelegraph Markets and TradingView show a price increase of 4.46% for the top cryptocurrency, which currently trades at $36,994, while Ether is up 8.38% and trades at $1,633. Read more…..

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Ethereum, while outperforming Bitcoin in 2020, has been living in the larger cryptocurrency’s shadow, but it’s only a matter of time before prices double again from here, said Brian Norton, COO of MyEtherWallet.

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