Ethereum (ETH) Quietly Reached All-Time High.
Ethereum (ETH) followed suit on Bitcoin’s (BTC) performance and refreshed its record.While Tesla’s $ 1.5 billion purchase of Bitcoin is currently being discussed, Ethereum was traded at $ 1775. Bitcoin has gone up to $ 43,982 today after Tesla news.
Leading altcoin Ethereum was trading at $ 1707 at the time of writing, according to CoinMarketCap data. According to the data, ETH has increased by 10% in the last 24 hours and 30% in the last 7 days. The cryptocurrency also identified a new ATH during the day: $ 1775.
Bitcoin increased its market share by three points until it dropped to 63.01%. Ethereum, on the other hand, has been capturing the market share of the largest cryptocurrency since mid-January. These two major cryptocurrencies had taken over 75% of the market.
CME Enables Transaction For Ethereum
CME launched Ethereum futures contracts in the US markets today. Institutional investors will be able to trade on the second largest cryptocurrency. CME Bitcoin future transactions triggered the previous bull market. But it caused BTC to suffer a severe drop later on. Diao Wang of DeFi Alliance said that Ethereum’s fate cannot be the same as Bitcoin.
What do you think of Ethereum? Do you think Ethereum will bring better returns?