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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 trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.