Ethereum rises to new high, breaks $ 2,000 mark for BTC Peers

Ethereum_800x533_L_1599056633.jpg

Ethereum Recovers to New High, Breaks $ 2,000 Mark

The price once again surpassed the $ 2,000 mark to set a new all-time high (ATH) at more than $ 2,100. Earlier today, the world’s second-largest cryptocurrency hit a new all-time high of $ 2,107. At press time, the price of the digital asset was still trading within this range and it was trading hands at $ 2,094. Remember that Ethereum first broke the major milestone on February 20 amid Bitcoin’s rally to become a trillion dollar asset. However, prices plummeted on March 25 in a general market correction. Ethereum has been trading sideways ever since, slowly approaching the $ 2k mark. The recent rally could be attributed to several factors. For one thing, Ethereum has received a lot of public endorsements from high-profile people, including Mark Cuban. In a recent podcast interview in which he discussed his investment portfolio, Cuban said: Smart contracts have arrived and that created DeFi and NFT. That’s what changed the game. That’s what got me excited. That is why it looks a lot like the Internet. He added that Ethereum is possibly the closest thing to a true coin. Second, Visa’s recent announcement to use the Ethereum blockchain to settle transactions for USD Coin was another huge victory. Continue reading on BTC Peers

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.