Ethereum Sees Significant Price Surge, Market Cap Reaches $309B
Ethereum's Price Surge
Ethereum experienced a significant price surge, trading at $2,574.27 on the Investing.com Index, marking a 10.27% increase in one day—the largest since May 8. This upward movement boosted Ethereum's market cap to $309.45B, representing 9.28% of the total cryptocurrency market cap. Ethereum's price fluctuated between $2,322.81 and $2,574.27 over the past 24 hours.
Weekly Gains and Market Position
Over the past seven days, Ethereum saw a notable rise of 39.07%. The 24-hour trading volume reached $28.74B, accounting for 23.29% of the total cryptocurrency volume. Despite this surge, Ethereum remains 47.08% below its all-time high of $4,864.06, set on November 10, 2021.
Broader Cryptocurrency Market Insights
Bitcoin traded at $103,699.5, showing a modest 0.89% daily increase, with a market cap of $2,061.68B, dominating 61.85% of the total cryptocurrency market. Tether USDt slightly decreased by 0.03% to $0.9998, with a market cap of $149.89B, representing 4.50% of the total market value.
This summary provides a clear overview of Ethereum's recent performance and its position within the broader cryptocurrency landscape.
What is Coinefficiency?
Coinefficiency is your go-to platform for optimizing cryptocurrency trading, investments and strategies. We provide a comprehensive suite of tools to analyze market trends, monitor price movements, and execute effective trading strategies. Whether you're a seasoned trader or new to crypto, Coinefficiency helps you maximize your profits with data-driven insights.
Why Use Coinefficiency?
- Advanced market analytics to identify trading opportunities.
- Compare markets relative performance.
- Understand market cycles over time. See market levels.
- Compare buy-and-hold, portfolio rebalancing, Dollar-Cost-Averaging trading strategies.
With Coinefficiency, you can stay ahead of the market and execute efficient trading strategies effortlessly.
Get Started with Coinefficiency
Ready to optimize your crypto investments? Take control of your portfolio with cutting-edge tools designed for both beginners and experts.