Ethereum, Dogecoin Show Resilience Amid Bitcoin’s Dip – Emeren Group (NYSE:SOL)


Major coins traded mixed on Sunday evening as investors digested the news of softening U.S. economic data. 

Cryptocurrency Gains (+/-) Price (Recorded 9:30 p.m. EST)
Bitcoin BTC/USD -0.85% $29,970
Ethereum ETH/USD +0.52% $2,094
Dogecoin DOGE/USD +0.99% $0.089

What Happened: Ethereum has been on an upward trend after the Shanghai upgrade, hitting its highest price point in 11 months. It saw a significant surge in value after enabling its first-ever crypto withdrawals from the blockchain’s staking mechanism, with the price surpassing $2,000 in fresh enthusiasm for the success of the upgrade. Ether’s value has continued to rise, gaining momentum over the past five days and reaching a fresh high of $2,141 on Sunday.

At the time of writing, the global crypto market capitalization stood at $1.27 trillion, down slightly over 0.09% over the last day.  

U.S. stocks tumbled on Friday amid a lackluster retail sales report that had dampened investor optimism over the strong start to corporate earnings. The S&P 500 fell by 0.21% while the Nasdaq lost 0.72%.

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