Ethereum Hits All-Time High (Again) As Bitcoin Remains Muted

Ethereum (ETH), the world’s second-largest cryptocurrency in terms of market capitalization, hit an all-time high of $1,439.94 at press time late Sunday.

Bitcoin (BTC) traded 2% higher at 32,819.76, which is about 20.8% lower than the all-time high of $41,429.38 it hit earlier this month.

See also: How to Buy Ethereum (ETH)

Ethereum, which backs the namesake blockchain platform, had last week hit an all-time high of $1,432.44 but a correction soon followed that saw it drop to as much as $1,050.

The Vitalik Buterin-co-founded cryptocurrency is seeing overall strength based on smart contract and decentralized finance (DeFi) trends.

See Also: Why This Analyst Can See Ethereum Skyrocketing To $10,500

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CryptocurrencyIntraday UpdateMarketsBitcoinBlockchainDeFiDigital AssetsEthereumSmart Contract
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!