Ethereum Exceeds $800 as Bitcoin Marks at $34,000
Ethereum Exceeds $800: This weekend, Ethereum has crossed an $800 line. It just hits the $814 mark for the first time since 2018. Besides, the Bitcoin traded at $34,000.
At present, Ether and Bitcoin are the two powerful and stronger in the market. On Monday, Ether has been trading at $814 in all markets. We also knew that Bitcoin has been increased its value from week to week. Now, it hits an all-time high level at $34,505.
On Saturday, the market mania started with a positive node. During the same day, for the first time, Bitcoin has crossed the $30,000 mark. However, the high-yielding market conditions have made a positive impact on both currencies in terms of price.
As per the records, in the last two years, Ethereum has crossed the $700 line for the first on last Sunday. Moreover, in 2018 and 2019, the price of Ether witnessed a downturn. But, in 2020, Ether’s price rose by nearly 533.08%.
BTC has touched an all-time high of $20,000 on 16th December. From that day, the price of BTC increased by around 72%. This week, it hits the $30,000 mark. Moreover, in the last twenty-four hours, the BTC price increased another 18%. Moreover, BTC has experienced a price increase of 28% in the last 5 days, while Ether has gained nearly 12.05%.
It’s a recognizable example to prepared cryptocurrency investors and traders. Normally, Ether demand increased in the market when Bitcoin encounters a rally. Cash inflows into Bitcoin like those seen all through the end of a year ago are for the most part observed as a positive for Ether and the more extensive cryptocurrency space.
Today, Bitcoin has been celebrating its 12th Birthday. Besides, the Ethereum community has grandly welcomed the price actions for Ether.
As of today, the market cap of Ether stood at $92.05 billion. Besides, the BTC stood at $644 billion. Moreover, it has holds 71.45% dominance of the cryptocurrency market.