Bitcoin
A$ 82,318
WINkLink
A$ 0.0008239
Ethereum
A$ 5,531.8

Ethereum (ETH) Breaks All-Time High Following 7% Daily Price Increase

Ethereum has been on a roll in the past week or so by gaining over $500 of value. This has resulted in a new all-time high reached today of over $2,080.

  • Just a little over a week ago – on March 24th – ETH dropped to a low of $1,520 during a market-wide retracement that drove all crypto assets south.
  • However, the second-largest crypto has decisively reversed the trend since then. In the following nine days, ether added about $500, which led to breaking above $2,000 earlier today as CryptoPotato reported.
  • Furthermore, the growing institutional demand towards the cryptocurrency didn’t stop with just overcoming this round-numbered milestone. Ethereum continued further north and painted a new all-time high minutes ago of over $2,080 (on Bitstamp).
ETHUSD. Source: TradingView
ETHUSD. Source: TradingView
  • Naturally, the increase in its price per coin meant that ETH’s entire market cap surged as well. As of writing these lines, the metric has exceeded $240 billion.
  • According to data from AssetDash, this places Ethereum in the top 35 assets by market cap. The last notable name that ETH surpassed on its way up was Netflix. This came after taking down Coca-Cola Company, AT&T, Nike, and more.
  • It’s worth noting that Ethereum also surged against the primary cryptocurrency – bitcoin. The ETH/BTC ticker on TradingView shows an increase to a 3-week high of about 0.035.
  • Apart from institutional adoption and high-net-worth individuals, such as Mark Cuban, purchasing ETH portions, Ethereum’s network has also enjoyed a high level of utilization.
  • Its blockchain is the underlying technology behind two of the most booming crypto fields lately – decentralized finance (DeFi) and non-fungible tokens (NFTs).
  • The upcoming release of Ethereum 2.0, which will signify the transition from the current proof of work consensus algorithm to proof of stake, attracts substantial attention as well.

Related Posts

Leave a Reply

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Donate To Cryptonic Australia


Donate BTC: 1MPYuHUKm3AhNivMSngqLnoEbpNEecHeEK
Donate Doge: DDYybw7H8zx8EYU74JrGW8WwmYh9AGuyMC
Donate WinK: TDiXutqKE3P17LpZMQh3SDBCGSkAC6iEjB




How can I construct an iOS pockets app for altcoin?
October 24, 2021
Avalanche (AVAX) Founder: Stablecoin Adoption Will Mark The Success of the Crypto Trade
October 24, 2021
What number of characters of an handle do I truly must confirm?
October 23, 2021




How can I construct an iOS pockets app for altcoin?
October 24, 2021
Avalanche (AVAX) Founder: Stablecoin Adoption Will Mark The Success of the Crypto Trade
October 24, 2021
What number of characters of an handle do I truly must confirm?
October 23, 2021


CryptoCurrencyAUDChange 1hChange 24hChange 7d
Bitcoin82,318 0.15 % 0.14 % 0.45 %
Ethereum5,531.8 0.74 % 1.85 % 7.11 %
Binance Coin651.51 0.17 % 0.42 % 3.94 %
Tether1.340 0.34 % 0.87 % 0.00 %
Cardano2.900 0.15 % 0.00 % 0.97 %
Solana264.05 0.44 % 3.27 % 24.52 %
XRP1.470 0.05 % 0.10 % 3.86 %
Polkadot58.76 0.52 % 1.50 % 4.50 %
Dogecoin0.3362 0.23 % 1.56 % 5.19 %
USD Coin1.340 0.61 % 0.27 % 0.24 %

Recent Comments

Allison wick

I was a victim of WDC Markets investment scam some months ago myself. It was...

Greatness

he is the best when it comes to recovery, he helped recover my funds without...

URL

... [Trackback] [...] There you will find 63491 more Infos: cryptonic.com.au/evaluation-suggests-bitcoin-robust-palms-are-shopping-for-this-dip/ [...]