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Ether Trades Above $700 for the First Time Since 2018

12/28/2020

ether-trades-above-$700-for-the-first-time-since-2018

Ether prices, Dec. 26 – Dec. 27, 2020.

Ether Trades Above $700 for the First Time Since 2018

Ether prices soared on Sunday, trading above $700 for the first time since May 21, 2018.

  • The native currency of the Ethereum network break above $700 marks a 11% gain in just 24 hours.
  • Ether was as low as $624.76 in the 11:00 UTC (6:00 a.m. ET) hour, just five hours before changing hands at $700.
  • The second-highest cryptocurrency by market cap, the total value of ether is $80 billion.
  • Bitcoin has also been rallying over the Christmas weekend, at one point piercing the $29,000 mark. It was trading in the $27,300 range when ether made its move higher than $700.
  • Volume was noticeably higher on the eight exchanges tracked by the CoinDesk 20. The combined value of ether changing hands on those exchanges was more than $2.3 billion. The average daily volume was $2.175 billion over the previous seven days.

Ether volumes on eight exchanges tracked by the CoinDesk 20.
Source: CryptoCompare

https://www.coindesk.com/ether-trades-above-700-for-the-first-time-since-2018

The post Ether Trades Above $700 for the First Time Since 2018 appeared first on BTC Ethereum Crypto Currency Blog.