The second-largest cryptocurrency by market capitalization had hit a record high earlier on Tuesday, surging to $3,530 around 14:30 UTC .
In fact, according to data from CoinDesk Research, ether’s exchange volume was higher than that of bitcoin to start the week.
Spanos also noted that ether’s dominance, or its share of the total market capitalization of the cryptocurrency ecosystem, is now approaching 18%.
Dogecoin hit an all-time high Tuesday, breaking over $0.61 around 15:00 UTC .
Bitcoin’s price was down Tuesday, going as low as $53,633 around 17:45 UTC and settling to $54,591 as of press time.
While it does feel as if bitcoin’s day-to-day price changes have been stable, its 60-day volatility is moving up, rising from a recent low of 45% April 15.
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