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Ether Prices Climb Above $300 to Break Two-Week Lull
Ether prices have climbed back above the $300 level for the first time in more than two weeks.
Ni Stan Higgins
Ether prices have climbed back above $300 for the first time in more than two weeks.
The price of the cryptocurrency first crossed the $300 line after 15:15 UTC, according to CoinDesk market data, sliding back below that level an hour later. Ether's price has traded consistently above $300 since 18:15 UTC.
Ether, the underlying cryptocurrency of the ethereum, has consistently traded below the $300 level since September 12, and today's move signifes a break in the two-week lull seen since that date. At press time, ether is trading at around $306.
Cryptocurrency markets are on the rise today, with bitcoin trading moving back above $4,000. At press time, the price of bitcoin is trading at an average of $4,159.10, according to the CoinDesk Bitcoin Price Index (BPI).
Other cryptocurrencies have seen price gains during today's trading session as well. Among those is zcash, which is up more than 25% to trade around $290, CoinMarketCap data reveals, and NEO, which is trading around $31 on an increase of roughly 17%.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Zcash Company.
Image via Shutterstock
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From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.
Ano ang dapat malaman:
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