Global: What’s Behind The Ethereum Price Surge?

Ethereum World News

Although many are impressed by Bitcoin’s stellar performance in the past week, with the asset moving from a year-to-date low at $3,150 to a multi-week high of $4,200 within a few days’ time, Ethereum outperformed the flagship cryptocurrency within the same time frame. More specifically, according to data compiled by Live Coin Watch, Ether moved from $85 to $130 (current price) over the past seven days, a jaw-dropping 50% gain if my napkin math serves me right. To give this price action some perspective, over the past week, the aggregate value of all cryptocurrencies ‘only’ moved from $102 billion to $134 billion.

image via Shutterstock

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