For the first time in history, Ether, the second largest cryptocurrency market, has surpassed the $2,000 mark. According to Bitstamp’s trading data, the spot price of Ether was $2,061.19 as of press time, up 6.57% in 24 hours, while the year-to-date gain has been more than 170%. Bitcoin, which is the largest market, has seen a slowdown in intra-day volatility, with a spot price of $59,620 as of press time, up 0.71% in 24 hours.
In an interview with the UK’s Independent website, Greg Waisman, co-founder and COO of payment network Mercuryo, said that this may be related to multiple factors, and he is also bullish on the future trend.
The current surge in Ether prices comes just after Visa began settling digital currency transactions through its own trading network, and the recent external environment has been friendly for Ether, with famous investor Mark Cuban revealing he owns a large amount of Ether, for example. And looking ahead, Ether breaking the 2,000 mark is certainly an important milestone, which means it will use it as an important support level to continue its upward movement.
And Julius de Kempenaer, senior analyst at StockCharts.com, expressed a similar view in an interview with Bloomberg.
(Ether) has now clearly broken the top, which is likely to attract buying, and ethereum is gaining strength relative to bitcoin.
The apparent rise in ethereum builds on the overall rise seen in the digital currency market. According to CFD trader CMC Markets, the firm’s all-cryptocurrency index has risen 112% since the start of the year, and the percentage of investors trading the index who are long is above 80%, both in terms of headcount and in terms of trading positions.
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