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Ethereum rally continues as recent crypto softness puts Bitcoin price at 'inflection point'
Cryptocurrencies were rallying on Wednesday, with ethereum (ETH-USD) continuing to lead the charge, rising more than 2.5%, among the major cryptocurrencies, while bitcoin (BTC-USD) and Ripple's XRP (XRP-USD) also rose. Ether, the native token of the Ethereum blockchain, has staged a stunning comeback this year, surging more than 200% from April lows compared to a 45% rise in bitcoin during the same period. Ether briefly hit a new all-time high Sunday, topping $4,900, as a dovish speech from Fed Chair Jerome Powell late last week lifted broader markets, with crypto continuing this rally into the weekend. Bitcoin, ... (full story)