Cryptocurrencies: 2788 / Markets: 19401 Market Cap: 24h Vol:
3 months ago

ETH encounters a week of Long Awaited highs on the market.

Ethereum is known as the world’s second largest cryptocurrency by market value after bitcoin and has reached its highest notional value in over 17-months. This new high is exclusive to Weekly trading volume for, Ethereum (ETH), Coinbase a popular exchange.

ETH/BTC and ETH/USD, which are the two most popular coins on the exchange, had 3,675,570 units of ETH combined total, this difference swayed in from May 13 to May 19.  And at current market prices ($246), the units are equivalent the value of over 904.1 million in dollars. According to online statistics and data, this marks the highest total in a week since Dec. 11, 2017.

A total of 4.271 million ETH circulated within the past one week period,  this movement was worth over $1.05 billion at current market prices; that is if the exchange platform’s other ETH markets are added (ETH/GBP, ETH/EUR, and ETH/USDC)

The weekly trading volume surge which had been long awaited reflected a price percentage of 37 in dollar value. Probably this new status for ETH on the exchange could be kept up, it would favorably re-attract investors to this crypto after a long while fluctuating interest as a result of falling prices.

Coinbase sits as the largest US-based crypto exchange with an $8 billion valuation. Its brand is globally recognized and strong; this makes it the first resort for investors and traders alike who want quick and safe exposure to the market.

The total market cap $242.4 billion, up 91 percent from the beginning of the year. The endpoint of all cryptocurrency highs reflects in total market capital on the market, a win for one coin seemingly now boosts the rest. If cryptos would become globally accepted soon enough, no coin that started in the running will be left from increasing its value.

READ MORE-

The IRS Hints a plan to Issue Tax Guidance for Cryptocurrency.

Blockchain analysis startup- Just 376 Individuals Hold 33% of All Ether Cryptocurrency.

eBay to adopt Cryptocurrency Payments options; Speculation.

Bitcoin in the Red Today, Altcoins Get a Shot to Shine.

The launch of a Decentralized Identity Tool on Bitcoin Blockchain by Microsoft.

Anita O.

Lover of tech and blockchain.

Get Crypto Newsletter