NEW!Incredible offer for our exclusive subscribers! Read More

Ethereum Crosses $3,775 ATH with Market Cap Soaring to $432 Billion: Possible Reasons

1 Mins read

Ethereum, the second most popular digital currency launched on the platform that is “father” of all other crypto platforms and DeFi apps, has printed the second all-time high today.

A few hours ago, it surpassed the $3,665 level. Now, ETH has rallied to reach the $3,775 mark on the Binance exchange.

The coin’s market capitalization value now equals $432,665,669,740.

One of the possible reasons for the rise is that on Friday, major asset management company VanEck filed for an Ethereum ETF. On Thursday, the European branch of the company filed to open the first ETF in Europe that tracks the performance of cryptocurrency companies, including crypto exchanges, hedge funds, etc.

Another likely trigger for ETH to continue rallying is the fact that the amount of ETH locked in the Ethereum 2.0 deposit contract for staking has hit a new historic peak of $16,115,682,176.41, according to Glassnode.

Related posts

Beecrypt deposits and withdrawals of USD Coin (USDC) in the Stellar network.

1 Mins read
We are pleased to announce the opening of access to deposits and withdrawals of USD Coin (USDC) in the Stellar network. Stellar…

Cryptexby cryptocurrency exchanger received licenses in Dubai

1 Mins read , the largest cryptocurrency trading platform, continues to expand its global presence with new licenses in New Zealand and the United…

Bitcentr launched the largest aid campaign!

1 Mins read
Ukraine is at war, war for our freedom but also for European freedom and democracy. People of Ukraine are in a big…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published.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