Ethereum Sees Significant Price Surge, Market Cap Rises
Ethereum's Price Surge
Ethereum experienced a significant price increase, trading at $2,006.35 on the Investing.com Index. This represents a 10.09% gain, marking its largest one-day percentage rise since May 8.
Market Cap Growth
The surge pushed Ethereum’s market cap to $239.91B, accounting for 7.74% of the total cryptocurrency market cap. Ethereum's price has risen 7.86% over the past seven days.
Trading Volume
Ethereum’s 24-hour trading volume reached $22.52B, representing 18.90% of the total cryptocurrency volume.
Bitcoin and Tether Performance
Bitcoin rose to $99,813.9, up 2.97%, with a market cap of $1,979.03B. Tether traded at $1.0003, gaining 0.01%, with a market cap of $149.54B.
Ethereum's Long-Term Outlook
Despite recent gains, Ethereum remains 58.75% below its all-time high of $4,864.06, set on November 10, 2021.
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