Ethereum Breaks $2,500 All-Time High
Crypto Briefing | Apr 16, 2021 12:53AM ET
Ethereum’s price rally continues. It’s trading above $2,500 for the first time ever.
Crypto’s leading smart contract platform, Ethereum, has set a new all-time high at $2,500.
h2 Ethereum Sets New Record High/h2Ethereum just crossed $2,500 for the first time in its history.
The second-ranked crypto has enjoyed a parabolic run in recent months, fuelled by growing interest in the digital currency space.
Ethereum has fared particularly well over the last few days; it’s up over 25% in the last week.
Various other assets have soared amid heated market conditions. DeFi staples like Aave, Uniswap, and Synthetix all jumped in price today. Binance Coin, Ripple, and Cardano also hit new highs throughout the week. But the biggest gainer has been Dogecoinn, which is trading at $0.18 after a 200% rise this week.
Aside from the ongoing bull run, Ethereum has had various notable developments that have helped its surge this year. The blockchain successfully completed its Berlin hard fork (though there was a brief setback shortly after the event, involving a consensus error at block 12,244,294). Ethereum’s next major upgrade is happening this summer, when the long-awaited EIP-1559 “ETH buyback” proposal will ship as part of its London hard fork. After that, the move towards Proof-of-Stake is expected to follow sometime later this year.
At $2,500, Ethereum’s market cap is now over $288 billion. That’s more than Intel (NASDAQ:INTC), Toyota (NYSE:TM), and Netflix (NASDAQ:NFLX).
Original Post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.