Ethereum Breaks Through $4,900 Barrier, Seeks New All-Time High as Bitcoin Slides

Amidst a decline in the overall cryptocurrency market, especially for Bitcoin, Ethereum saw a surge in price to reach new highs. The digital currency surpassed its all-time high of $4,900 just last weekend and experienced an unexpected dip this week, settling at around $4,300. However, despite the market fluctuations, CoinShares released their weekly cryptocurrency report revealing a significant influx of funds into the crypto ecosystem last week, totaling $2.48 billion. 💰