Bitcoin reclaims some lost ground versus Ethereum

"Flippening" had re-entered the cryptocurrency conversation over the past few days - that term referring to the belief that Ether's (ETH-USD) market cap might soon top that of Bitcoin (BTC-USD).Not so fast, say Bitcoin fans, driving the price of bitcoin up nearly 5% today to above $56K - the very top of the crypto's recent range. Ether, on the other hand, is down modestly to $2,750 - still within a handful of dollars of its record high hit yesterday.Checking market caps, Bitcoin has reclaimed the $1T level, while Ethereum is at $317B. The market cap of the entire cryptocurrency universe is about $2.2T.Checking news, Bitcoiners may be mulling this morning's blowout Chicago PMI report, with that gauge hitting the highest since 1983, and the prices paid sub-index moving to its strongest since 1980.