fbpx
QQQ
-1.50
346.01
-0.43%
DIA
-1.36
345.66
-0.4%
SPY
-0.97
426.23
-0.23%
TLT
-0.47
141.69
-0.33%
GLD
-0.98
175.69
-0.56%

Ethereum Hits New All-Time High Above $2,700

April 27, 2021 10:02 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Ethereum Hits New All-Time High Above $2,700

Ethereum (ETH) hit an all-time high of $2,702.91 minutes before press time on Tuesday night. 

What Happened: The second-largest cryptocurrency by market capitalization traded 7.93% high at $2,707.55 at press time in a 24-hour period. On a seven-day trailing basis, it has risen 16.12%.

Bitcoin (BTC), the apex cryptocurrency, traded 3.42% higher at $55,601.40.

ETC is up 262.77% since the year began, while BTC has risen 90.4% in the same period.

Why It Matters: ETH is continuing to see momentum after the European Investment Bank (EIB) announced plans to offer a two-year bond on the blockchain associated with it.

See also: How to Buy Ethereum (ETH)

Goldman Sachs Group Inc (NYSE:GS), Banco Santander, S.A. (NYSE:SAN), and Société Générale Société anonyme (OTC:SCGLF) (OTC:SCGLY) are the mandated joint lead-managers for the sale.

A hard fork of the Ethereum blockchain that would significantly lower transaction fees went live in mid-April, Coindesk reported.

ETH is outperforming BTC this year, up about 271.3% YTD compared to the apex cryptocurrency's 89.4% gains. The cryptocurrency backing the namesake blockchain and smart contract platform has a market dominance of 14.8% as of press time, as per CoinMarketCap data.

Read Next: Can Ethereum Hit $5,000 In Six Weeks? A Key Metric Suggest So

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.


Related Articles

Goldman Sachs Makes Move Into Blockchain With Latest Investment In Crypto Staking Platform Blockdaemon

Goldman Sachs Group Inc. (NYSE: GS) participated in the $28 million Series A funding round of Blockdaemon — a company that provides crypto staking and blockchain node management infrastructure. read more

Institutions Turn Bearish On Bitcoin As Weekly Outflows Reach Record $141M: CoinShares Report

What Happened: According to the latest report from CoinShares, institutional investors withdrew $141 million from Bitcoin (CRYPTO: BTC) funds over the past week. read more

Will Ethereum Recover Stronger Than Bitcoin? Goldman Sachs Thinks So

What Happened: Ethereum’s daily trading volumes nearly doubled Bitcoin’s on Tuesday, leading market participants to wonder if new money favored the second largest crypto asset over the first. read more

Former White House Advisor Joins Coinbase As Chief Policy Officer

What Happened: Crypto exchange Coinbase Global Inc (NASDAQ: COIN) has recruited former White House Deputy National Security Advisor Faryar Shirzad to serve as the exchange’s new head of policy. read more