Ether (ETH) gains over 63% over January 1-8, 2021. ETH crosses the $ 1,200 mark today. The crypto markets are on the verge of reaching a symbolic level thanks to the Bitcoin (BTC) and ETH bulls.
We start with the ATH
TheEther crosses the $ 1,000 mark on January 4, 2021. It is trading at $ 1,202 at the time of writing. TheEther has recorded 6 consecutive daily green candlesticks in the past few days.
The price of the pair ETH/USD soars along with the explosion in the price of Bitcoin which exceeds $ 41,000 today, January 8, 2021.
According to data fromIntoTheBlock, transaction fees ETH hit a new ATH as the price ofEther crossed $ 1,000. The amount of transaction fees ETH reached a high of 1,771,000 USD. Daily gas rose to 569 Gwei.
Data from Google Trends also shows that research on ” Ethereum ” sure Google hit a new ATH today, surpassing that of January 13, 2018, when the price ofEther hit its all-time high of $ 1,432.
The 2nd crypto in the top 100: Bitcoin feels less alone
Crypto markets are currently close to $ 1 trillion driven by a Bitcoin that exceeds $ 41,000, and a Ether which is trading above $ 1,200.
According to a January 6, 2021 tweet from CoinMarketCap, theEther just entered the top 100 active – cryptos and traditional assets combined – in terms of market cap.
Bitcoin climbed to 10th place in this ranking, ahead of Tencent and Ali Baba, and just behind Facebook and You’re here.
ETH is about 20% of its ATH. Should we expect a correction or a continuation of the current bullish rally – a classic scenario that bitcoiners know well? The explosion in the price of Bitcoin is advertising cryptos in general, even Ripple (XRP) who is in bad shape with his standoff with the SEC. The explosion of Bitcoin and ETH searches on Google is a good sign that cryptocurrencies are democratizing and increasing their adoption rate. The more we talk about it, the better for everyone, except fiats.
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