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Ethereum has risen in price by 10% in just a day


April, 14 2023
watermark Economic news

On Friday, the second most valuable cryptocurrency, ethereum, rose sharply from the level of $2,005 to the level of $2,127, increasing by a little more than 10% during the day. Such growth rates have become the fastest one-day percentage increase since November 10, 2022.


Thanks to this jump, the cryptocurrency has increased its market capitalization to $253.25 billion, or 19.85% of the total market capitalization. At its peak, the market capitalization of ether was $569.58 billion.


Over the past week, the value of Ethereum has increased by 12.03%. During this period, it was trading in the range of $1,825,6034 to $2,108,7979. At the current value, Ethereum is still 56.65% behind its historical maximum of $4864.06, set on November 10, 2021.


Other popular cryptocurrencies are also showing growth at the end of the trading week. Bitcoin rose to the level of $30,968, Tether – to $1,0011.


Last time, the market capitalization of BTC was $595.05 billion, or 46.65% of the total market capitalization of the cryptocurrency, and the market capitalization of Tether was $80.84 billion, or 6.34% of the total market value of the cryptocurrency.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.