Ethereum Captures New All-Time Price High — ETH Market Cap Surpasses $510 Billion
Nine days ago, bitcoin reached a new all-time high (ATH) and now the second leading crypto asset ethereum has tapped an ATH on Friday morning. Ethereum reached a high of $4,416 per unit and has since retreated around 2%...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Nine days ago, bitcoin reached a new all-time high (ATH) and now the second leading crypto asset ethereum has tapped an ATH on Friday morning. Ethereum reached a high of $4,416 per unit and has since retreated around 2% down from that price position.
Ethereum Reaches New All-Time Price High
- The second-largest crypto market capitalization belongs to ethereum (ETH) with a valuation of around $510 billion today.
- Currently, there is $28.9 billion dedicated to ether trades and ETH’s market cap has a dominance rating of around 18.8%.
- ETH reached its all-time high during the early morning trading sessions on October 29, tapping a high of $4,416 per ETH.
- Year-to-date, ethereum (ETH) has gained 1,013% and during the last 30 days the crypto asset has increased by 54.7%.
- The stablecoin tether (USDT) is the top pair trading with ethereum (ETH) on Friday commanding 43.53% of all trades. This is followed by USD (20.65%), BTC (9.75%), BUSD (7.90%), EUR (4.03%), and KRW (3.34%).
- Binance is the most active exchange trading ethereum today with 24.94% of all ETH’s trading activity. Binance is followed by crypto trading platforms like Lbank, Coinbase, FTX, Yobit, and Huobi Pro.
- The price of ethereum is much higher than the crypto asset’s all-time high from 2017, as the price is 8,985.15% higher since then.
- Ethereum’s hashrate is roughly 725 terahash per second (TH/s) and there’s around 3.6% of Ethereum hash on the platform Nicehash.
- The return on investment (ROI) on ethereum (ETH) since the day it was introduced is 9,364.4% today, if a person took part in the genesis sale.
What do you think about ethereum reaching an all-time high on Friday? Let us know what you think about this subject in the comments section below.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
L2 growth and $120 billion in staking hide Ethereum’s supply reality
Ethereum's institutional data hub showed about $120 billion in staked ETH and $40.4 billion in daily average total value locked on...
Ethereum (ETH) Price Prediction: ETH Breaks Higher as $2,631 Support Puts $3,520 Target in Focus
Ethereum price is showing renewed bullish momentum after climbing above $2,650, with ETH trading near $2,667 and gaining approxima...
Will proposed faster block times really fix Ethereum’s biggest market losses?
Ethereum developers are weighing Ethereum Quick Slots for Hegotá, a proposed faster block rhythm that would reduce waiting without...
Bitcoin Reaches Its Highest Level Since January as Crude Sinks 8%
Bitcoin reached its highest level in almost eight months on Monday, climbing through the London morning and holding the gain into...
Ethereum surges 6% to $2,719 after Bitcoin-led short squeeze wipes out $700M
Ethereum's surge highlights the volatility and potential for rapid market shifts in crypto, emphasizing the impact of leveraged po...
Hyperliquid’s monthly active addresses hit all-time high of ~291,900
Hyperliquid's growth in active addresses highlights its competitive edge in decentralized trading, but may invite increased regula...