Ether Trades Above $700 for the First Time Since 2018

Ether Trades Above $700 for the First Time Since 2018

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December 27, 2020 by Kofi Ahmed
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Ether Trades Above $700 for the First Time Since 2018
Ether Trades Above $700 for the First Time Since 2018

Ether prices, Dec. 26 – Dec. 27, 2020.Lawrence Lewitinn

Ether prices soared on Sunday, trading above $700 for the first time since May 21, 2018.

  • The native currency of the Ethereum network break above $700 marks a 11% gain in just 24 hours.
  • Ether (ETH, +13.1%) was as low as $624.76 in the 11:00 UTC (6:00 a.m. ET) hour, just five hours before changing hands at $700.
  • The second-highest cryptocurrency by market cap, the total value of ether is $80 billion.
  • Bitcoin has also been rallying over the Christmas weekend, at one point piercing the $29,000 mark. It was trading in the $27,300 range when ether made its move higher than $700.
  • Volume was noticeably higher on the eight exchanges tracked by the CoinDesk 20. The combined value of ether changing hands on those exchanges was more than $2.3 billion. The average daily volume was $2.175 billion over the previous seven days.
Ether volumes on eight exchanges tracked by the CoinDesk 20.

Source: Coindesk

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