And then, whoosh! it all happened at once. In under an hour, late on Wednesday night, the price of Ethereum, the second-largest cryptocurrency by market cap, rose from $245 to $269, an increase of 9.7%.
Bitcoin, as well as Bitcoin Cash, TRON, and XRP, followed, although their 24 hour increases werent nearly as sharp. Bitcoin, which followed the same upward trajectory, rose from $9,377 to $9,516, an increase of 1.48%.
The pumpso far without much of a dumpstarted at around 11 pm UK time. Then, the price started rising ever so slightly, from $245 to $247, a price unseen since July 13. The real pumpa crude, straight line pointing upward with barely any gradientoccurred at around 11.30 pm UK time. The price then plateaued.
This is Ethereums highest price since February. Then in March, the pandemic swept through the US; when global markets took a beating, so did the entire crypto market. Ethereum crashed to the lowest point its been this year: $95.
If the price keeps rising, this could be a big day for Bitcoin, too. Bitcoin has been struggling to push past the elusive $10,000 price pointits price before the pandemic hit. But for the past two months, Bitcoins been incredibly, frustratingly stable.
In a recent report, Coin Metrics found that Bitcoins price had budged just 1% in the past month and that it hadnt been this stable since 2018.
The CEO of crypto exchange Binance, Changpeng Zhao, even remarked in an interview with Bloomberg earlier this week that some had started to call Bitcoin a stablecoin, referring to those coins whose value is pegged to a fiat currency, like the US dollar.
Meanwhile, Ethereum has been having a moment, thanks to the growing frenzy around DeFi, and yield farming in particular. The platform is celebrating its anniversary next week and the much-anticipated Ethereum 2.0 upgrade, which will improve the speed and capacity of the network, is on track to roll out by November.
See the article here:
The big pump: ETH and BTC soar - Decrypt
- How does Ethereum work - Medium [Last Updated On: February 3rd, 2018] [Originally Added On: February 3rd, 2018]
- Ethereum - BTCMANAGER [Last Updated On: February 19th, 2018] [Originally Added On: February 19th, 2018]
- This Giant Infographic Compares Bitcoin, Ethereum, and ... [Last Updated On: February 19th, 2018] [Originally Added On: February 19th, 2018]
- What is Ethereum? | CryptoCompare.com [Last Updated On: February 23rd, 2018] [Originally Added On: February 23rd, 2018]
- The Top 10 Best Ethereum Wallets (2018 Edition) [Last Updated On: February 23rd, 2018] [Originally Added On: February 23rd, 2018]
- Ethereum fixes serious eclipse flaw that could be exploited ... [Last Updated On: March 7th, 2018] [Originally Added On: March 7th, 2018]
- How does Ethereum work, anyway? - Medium [Last Updated On: April 25th, 2018] [Originally Added On: April 25th, 2018]
- Free-Ethereum.com - Free Ether! [Last Updated On: May 31st, 2018] [Originally Added On: May 31st, 2018]
- What is Ethereum? | The Ultimate Beginners' Guide [Last Updated On: June 20th, 2018] [Originally Added On: June 20th, 2018]
- Ethereum Mining Guide for AMD and NVidia GPUs - Windows ... [Last Updated On: June 20th, 2018] [Originally Added On: June 20th, 2018]
- Ethereum: Blockchains, Digital Assets, Smart Contracts ... [Last Updated On: July 16th, 2018] [Originally Added On: July 16th, 2018]
- Ethereum Price - Mobile Friendly Price of Ether [Last Updated On: July 16th, 2018] [Originally Added On: July 16th, 2018]
- Ethereum Soars with over a 2,800% Rally - Coin News Asia [Last Updated On: July 28th, 2018] [Originally Added On: July 28th, 2018]
- Ethereum Co-Founder Joseph Lubin Says Speculators Driving ... [Last Updated On: August 20th, 2018] [Originally Added On: August 20th, 2018]
- Bitcoin and Ethereum: A Look At The Week Ahead [Last Updated On: September 2nd, 2018] [Originally Added On: September 2nd, 2018]
- EthereumPrice - Official Site [Last Updated On: October 3rd, 2018] [Originally Added On: October 3rd, 2018]
- Ethereum Classic Price Analysis: ETC/USD Could Revisit $12 [Last Updated On: October 6th, 2018] [Originally Added On: October 6th, 2018]
- Ethplorer Ethereum tokens explorer and data viewer. Top ... [Last Updated On: October 6th, 2018] [Originally Added On: October 6th, 2018]
- Buy and Sell Ether With The Peer-to-Peer Ethereum ... [Last Updated On: October 6th, 2018] [Originally Added On: October 6th, 2018]
- Ethereum Price - CoinDesk [Last Updated On: October 18th, 2018] [Originally Added On: October 18th, 2018]
- EthereumPrice.org - USD Price, Charts & History [Last Updated On: October 18th, 2018] [Originally Added On: October 18th, 2018]
- Report: Whales Accumulate Ethereum (ETH) En-Masse Amid Bear ... [Last Updated On: December 7th, 2018] [Originally Added On: December 7th, 2018]
- GitHub - ethereum/go-ethereum: Official Go implementation of ... [Last Updated On: December 7th, 2018] [Originally Added On: December 7th, 2018]
- Ethererum Crypto-Economics Index Real-time Price Charts and ... [Last Updated On: December 7th, 2018] [Originally Added On: December 7th, 2018]
- Ethereum Definition | Investopedia [Last Updated On: December 7th, 2018] [Originally Added On: December 7th, 2018]
- What is Ethereum Gas: Step-By-Step Guide - Blockgeeks [Last Updated On: December 19th, 2018] [Originally Added On: December 19th, 2018]
- Ethereum Price Analysis: ETH Could Extend Losses Below $80 ... [Last Updated On: December 19th, 2018] [Originally Added On: December 19th, 2018]
- Ethereum Price Analysis: ETH Could Turn Bullish Above $90 ... [Last Updated On: December 19th, 2018] [Originally Added On: December 19th, 2018]
- Bitcoin, Ethereum, Ripple Prices Surge Higher; FOMO Santa Rally? [Last Updated On: December 26th, 2018] [Originally Added On: December 26th, 2018]
- Ethereum Co-Founder Calls the Cryptobottom of 2018 ... [Last Updated On: December 26th, 2018] [Originally Added On: December 26th, 2018]
- Part 1: Ethereum vs NEO Which blockchain will provide ... [Last Updated On: December 31st, 2018] [Originally Added On: December 31st, 2018]
- Ethereum Price Analysis: ETH Corrects Sharply, Can It Hold ... [Last Updated On: December 31st, 2018] [Originally Added On: December 31st, 2018]
- Ethereum: JPMorgan, Microsoft, Banks Form ... - fortune.com [Last Updated On: January 3rd, 2019] [Originally Added On: January 3rd, 2019]
- Ethereum News | Ethereum News today | Latest Ethereum News [Last Updated On: January 3rd, 2019] [Originally Added On: January 3rd, 2019]
- Ethereum (ETH) - Price, Chart, Info | CryptoSlate [Last Updated On: January 3rd, 2019] [Originally Added On: January 3rd, 2019]
- Ethereum Cash Pro [Last Updated On: January 3rd, 2019] [Originally Added On: January 3rd, 2019]
- What Is Ethereum? Here's What You Need To Know [Last Updated On: January 3rd, 2019] [Originally Added On: January 3rd, 2019]
- What is Ethereum? | The Ultimate Beginners Guide [Last Updated On: January 27th, 2019] [Originally Added On: January 27th, 2019]
- Ethereum Classic - A smarter blockchain that takes digital ... [Last Updated On: January 27th, 2019] [Originally Added On: January 27th, 2019]
- Ethereum Price Analysis: ETH Relatively Muted, Next Move ... [Last Updated On: January 27th, 2019] [Originally Added On: January 27th, 2019]
- Buy and Sell Ether With The Peer-to-Peer Ethereum Marketplace ... [Last Updated On: January 27th, 2019] [Originally Added On: January 27th, 2019]
- What is Ethereum? | The Ultimate Beginners' Guide - CoinCentral [Last Updated On: January 30th, 2019] [Originally Added On: January 30th, 2019]
- Ethereum Price Analysis: ETH Breaks Down, Turned Sell on ... [Last Updated On: January 30th, 2019] [Originally Added On: January 30th, 2019]
- Ethereum Price Analysis: ETH Remains Sell Near $128 ... [Last Updated On: March 6th, 2019] [Originally Added On: March 6th, 2019]
- Ethereum Price Analysis: ETH Remains Sell Near $128, Target ... [Last Updated On: March 11th, 2019] [Originally Added On: March 11th, 2019]
- Create a cryptocurrency contract in Ethereum [Last Updated On: March 11th, 2019] [Originally Added On: March 11th, 2019]
- Ethereum Price Analysis: ETH Buyers Wont Give Up Easily ... [Last Updated On: March 11th, 2019] [Originally Added On: March 11th, 2019]
- Buy and Sell ETH With The Peer-to-Peer Ethereum Marketplace ... [Last Updated On: March 18th, 2019] [Originally Added On: March 18th, 2019]
- Ethereum Technical Analysis - FXStreet [Last Updated On: March 18th, 2019] [Originally Added On: March 18th, 2019]
- Ethereum - Investopedia [Last Updated On: March 18th, 2019] [Originally Added On: March 18th, 2019]
- Ethereum - reddit [Last Updated On: March 18th, 2019] [Originally Added On: March 18th, 2019]
- Ethereum vs Bitcoin: The Battle for the Crypto Throne - Coindoo [Last Updated On: March 18th, 2019] [Originally Added On: March 18th, 2019]
- Ethereum Price Analysis: ETH Could Make a Sustained Move ... [Last Updated On: March 18th, 2019] [Originally Added On: March 18th, 2019]
- Ethereum Project [Last Updated On: March 18th, 2019] [Originally Added On: March 18th, 2019]
- Ethereum - Official Site [Last Updated On: April 20th, 2019] [Originally Added On: April 20th, 2019]
- Ethereum (ETH) Price Starts Much Awaited Rebound To $170 [Last Updated On: May 9th, 2019] [Originally Added On: May 9th, 2019]
- Ethereum Price Analysis: ETH Corrects But More Upsides Likely ... [Last Updated On: May 9th, 2019] [Originally Added On: May 9th, 2019]
- Ethereum Price Analysis: ETH Primed For Additional Losses ... [Last Updated On: May 9th, 2019] [Originally Added On: May 9th, 2019]
- Ethereum Won't Fail: Joseph Lubin - ccn.com [Last Updated On: May 9th, 2019] [Originally Added On: May 9th, 2019]
- Ethereum (ETH) Price Starts Fresh Increase: Bitcoin Leading ... [Last Updated On: May 9th, 2019] [Originally Added On: May 9th, 2019]
- Bitcoin Booming As Ethereum, Ripple's XRP, EOS And Litecoin ... [Last Updated On: May 9th, 2019] [Originally Added On: May 9th, 2019]
- Ethereum Bounty Program [Last Updated On: May 30th, 2019] [Originally Added On: May 30th, 2019]
- Dark Horses of dApps: 6 Blockchains With Ethereum In Their Sights - Crypto Briefing [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- Latin Americans get two new ways to trade Bitcoin, Ethereum, and more - Decrypt [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- Ethereums Bearish Wave Count Outlined by Cryptocurrency Analyst - BeInCrypto [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- XRPs Third Quarter Inflation Rate Was Lower Than Ethereum (ETH) and Litecoin (LTC) - SludgeFeed [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- Ethereum (ETH) Dives To $170, Is $160 Next Bear Target? - newsBTC [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- Thomson Reuters: Bringing Smart Contracts to the Mainstream With Ethereum & Chainlink - Blockonomi [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- Crypto Analyst: Ethereum Has Bottomed, Expected To See Extended Rally - newsBTC [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- WATCH: MyCrypto CEO Taylor Monahan on Crypto Adoption and Ethereum - Coindesk [Last Updated On: October 21st, 2019] [Originally Added On: October 21st, 2019]
- Cryptocurrency market update: Kicks of a dying horse as Bitcoin, Ethereum and Ripple remain suppressed - FXStreet [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - American Wrap - 22 October - FXStreet [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Ethereums gas prices show an unusual surge when the Asian market sleeps - AMBCrypto [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Whale Consolidates $88M Worth of Ethereum in Two Transactions - BeInCrypto [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Ethereum Falls 10% In Selloff - Yahoo Finance [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- TRON Joins Bitcoin And Ethereum On Opera Browser - Crypto Briefing [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Ethereum (ETH) Rebound Faces Major Hurdle Near $180 - newsBTC [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Ethereum Breakout Above $360 Means Skys the Limit, Believes Cryptocurrency Analyst - BeInCrypto [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Ethereum Futures: The Next Big Derivative to Hit the Market? - Cointelegraph [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]
- Ethereum and Stellars Lumen Daily Tech Analysis 23/10/19 - Yahoo Finance [Last Updated On: October 24th, 2019] [Originally Added On: October 24th, 2019]