In the shadow of the Bitcoin hype: Ethereum is approaching all-time high

After Bitcoin, Ethereum is now also taking off. (Photo: Shutterstock / Akarat Phasura)

No time right now?

While the Bitcoin course has broken new records in the past few days, the Altcoins have been holding back a little so far. Ethereum is now heading for the $ 1,000 mark.

Almost three years ago, the Ethereum price had reached its previous record of around $ 1,300. Ethereum has also multiplied its value in the course of the past year, but has so far remained quite a long way from its previous all-time high. Over the course of Sunday, the second largest crypto currency in the world ignited the turbo. From a good $ 750 in the morning it went up to just under $ 1,000 in the evening.

Ethereum is approaching $ 1,000

The Ethereum rate commutes early on Sunday evening according to Bitstamp and Coinmarketcap between $ 930 and $ 950. The $ 1,000 mark may be hit in the next few hours. For comparison: Bitcoin reached a new all-time high at $ 34,500 on Sunday afternoon, after $ 32,500 the day before – in 2017/18 the most popular crypto currency had made it to just under $ 20,000. The course buckled somewhat towards Sunday evening and hovered around the $ 33,000 mark.

The market capitalization of Ethereum has passed the $ 100 billion mark after the price explosion of the past few hours. Bitcoin even has a market capitalization of just under $ 620 billion. The two largest cryptocurrencies by far make up almost seven eighths of the entire crypto market. For a long time the second and third largest player XRP has lost a lot after the allegations of the US Securities and Exchange Commission against inventor Ripple and currently has only ten billion dollars in market capitalization, as does Litecoin.

Almost finished!

Please click on the link in the confirmation email to complete your registration.

Would you like more information about the newsletter? Find out more now

Bitcoin and Co – what’s next?

It remains to be seen how the crypto market will continue. There are currently many signs of growth, especially with Bitcoin. Well-known factors such as stronger support from institutional investors and the PayPal payment service are having a positive effect, as are the ongoing corona crisis and financial policy in the USA and the EU. However, a major correction could be pending at any time. A short-term change in the regulation of the crypto market, for example, could stop the upward trend.

Most read

Leave a Reply

Your email address will not be published. Required fields are marked *