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
AltcoinsBTCCryptoETHMiningOther protects your money

1 Mins read, it is at the forefront of the cryptocurrency industry By analyst For instance, it is at the forefront of the cryptocurrency industry…

Will Cardano Lose This Critical Support? Here’s the Next Bearish Target (ADA Price Analysis)

1 Mins read
Cardano’s price continues its downtrend and seems about to fall below a critical support level that may take ADA below 40 cents. Key Support levels: $0.42, $0.38    Key Resistance levels: $0.47, $0.50  Buyers have failed to stop the downtrend and ADA is facing a critical level. If sellers manage to break below $0.42 and

Exycrypt Exchange Moves to the Next Level

2 Mins read
A subsidiary of the Exycrypt cryptocurrency exchange called HBIT. Inc has received its Money Services Business (MSB) license. From the United States…
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Your email address will not be published.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 *