Ethereum Hits Record Highs, Surges by 11.35%
Ethereum’s Skyrocketing Price
Wow! Ethereum reached an all-time high of $3,413.11 by 15:32 (19:32 GMT) on Monday, marking an incredible 11.35% surge in just one day. This spike represents the largest daily gain since November 9, 2023.
Market Cap Milestones
This phenomenal rise boosted Ethereum’s market cap to a whopping $378.09B, accounting for 15.29% of the total cryptocurrency market cap. At its peak, Ethereum’s market cap stood at $569.58B.
Price Fluctuations
Within the previous twenty-four hours, Ethereum traded in a range between $3,048.33 to $3,413.84. This volatility showcases the dynamic nature of the cryptocurrency market.
Week-Long Gain
Over the last seven days, Ethereum’s value has surged by a remarkable 6.66%. With a trading volume of $12.83B in the past day, representing 18.24% of the total cryptocurrency volume, Ethereum continues to attract significant interest. It has seen fluctuations between $2,864.5002 and $3,413.8357 in the past week alone.
Relative to Historical Highs
Despite its current price, Ethereum remains 29.83% down from its record high of $4,864.06 set on November 10, 2021. However, the recent surge hints at a potential rebound for Ethereum.
Elsewhere in the Crypto World…
Bitcoin also experienced gains, reaching $69,591.6 on the Investing.com Index, reflecting a 4.52% increase. Tether USDt saw a marginal rise to $1.0004 on the same index, growing by 0.04%.
Bitcoin’s market cap now stands at $1,353.99B, constituting 54.75% of the total cryptocurrency market cap, while Tether USDt’s market cap rests at $111.51B, accounting for 4.51% of the total cryptocurrency market value.
