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After the world’s largest cryptocurrency, Bitcoin, exceeded $ 80,000 and reached an all-time high price level, there is also great movement on the Ethereum and altcoins side.
At the time of writing, Ethereum is trading at $3,191, up 5% in the last 24 hours. The increase in the last week has reached 29%.
In the last 24 hours, the total cryptocurrency market increased by 1.93%, bringing its market value to $2.65 trillion. $1.5 trillion of this is Bitcoin and $384 billion is Ethereum.
At a time when the Ethereum price was so high, BitMEX founder Arthur Hayes, one of the most controversial names in the cryptocurrency world, also made a new ETH transaction, according to on-chain data. According to the data, a cryptocurrency wallet connected to Hayes purchased $3.31 million worth of Ethereum over-the-counter (OTC) through cryptocurrency market maker Wintermute.
On the other hand, some of the biggest increases occurred in the prices of Cardano and Dogecoin. The reason for Dogecoin’s rise was the claim that Elon Musk would take part in the US administration with Trump, and the reason for Cardano’s rise was the claim that founder Charles Hoskinson would advise the US administration on cryptocurrency regulation.
*This is not investment advice.
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