$104,586.00
1.28%$2,518.84
1.32%$2.38
-1.49%$654.19
0.09%$173.04
0.55%$0.9999
-0.01%$0.232229
-0.95%$0.813996
0.38%$0.263918
1.01%$2,515.45
1.18%$104,563.00
1.31%$4.02
0.80%$16.98
1.58%$3,016.91
1.04%$24.89
1.56%$0.307889
0.74%$0.00001603
0.64%$0.206544
-2.49%$3.38
0.18%$24.91
-1.16%$410.98
-2.25%$5.14
1.28%$0.999826
-0.02%$1.095
48.03%$8.37
-2.14%$100.66
-2.52%$2,518.75
1.40%$336.64
4.35%$2,686.58
1.37%$0.00001388
4.29%$4.87
0.67%$0.999999
0.05%$104,571.00
1.23%$0.999934
-0.02%$30.13
0.01%$6.95
1.18%$456.46
1.51%$3.17
3.54%$5.90
2.05%$220.91
-1.63%$55.02
0.14%$1.041
-0.41%$0.11791
9.84%$5.73
3.35%$19.95
0.50%$1.00
0.00%$1.051
0.00%$0.098704
-1.95%$13.82
-3.23%$34.14
-3.91%$5.27
0.78%$0.800166
3.19%$21.84
-1.60%$0.03123616
1.08%$5.32
3.81%$0.409473
5.20%$0.258499
-1.89%$0.860673
-0.73%$0.456995
6.28%$1.00
-0.05%$104,474.00
1.29%$3.17
1.63%$0.242444
0.49%$1.17
0.01%$3.22
1.54%$4.36
0.10%$0.582388
-1.51%$1.29
7.99%$0.00002215
-3.02%$0.563012
5.69%$4.57
0.54%$1.004
-1.23%$1,833.40
0.55%$2,520.81
1.46%$0.998474
0.07%$99.78
2.56%$0.873422
7.96%$2,617.60
1.15%$181.56
0.60%$11.29
0.96%$0.902192
-2.21%$0.260935
-0.34%$1.33
1.22%$0.722832
3.28%$13.10
1.25%$0.01963591
-2.32%$1.28
-1.82%$1.94
-2.37%$4.66
-0.98%$0.075152
-2.71%$2,854.90
1.24%$104,517.00
1.34%$0.119394
-0.65%$0.999672
-0.15%$0.77377
-1.41%$0.00010512
0.70%$1.004
6.14%$1.11
1.64%$0.02214289
7.84%$654.24
0.13%$2,681.14
1.20%$0.999872
-0.00%$0.01921684
2.18%$223.61
0.60%$3.14
4.68%$0.900155
-3.50%$0.999602
0.10%$191.64
0.56%$0.358919
2.23%$0.01390364
0.25%$0.856003
1.65%$104,461.00
0.89%$0.084363
-1.76%$41.47
-1.44%$0.00000083
2.50%$106,101.00
2.85%$3,319.59
-0.17%$0.653253
6.38%$2.44
0.71%$14.03
2.73%$2,632.22
1.25%$103,925.00
1.26%$3,320.18
-0.29%$23.57
1.00%$1.00
-0.00%$0.249624
0.26%$0.733318
-0.45%$0.12481
0.59%$3.98
-3.67%$0.77775
4.85%$0.455508
1.50%$0.670691
2.57%$2,631.80
1.19%$0.368746
1.45%$0.187468
-0.33%$42.25
0.67%$2.06
0.90%$0.998089
0.02%$3.91
-1.30%$0.998722
0.04%$1.74
2.25%$0.01805351
-2.77%$0.734056
-3.05%$0.231712
-1.28%$1.10
0.87%$0.01021913
-0.69%$0.493898
1.10%$0.00620021
-2.62%$0.181703
0.86%$19.60
0.95%$0.711438
0.46%$0.218939
7.34%$111.00
0.00%$2,521.28
1.38%$8.19
-0.15%$2,518.74
1.26%$2,679.36
1.15%$0.665464
1.35%$0.487915
0.22%$104,507.00
1.34%$4.28
0.96%$0.518319
-0.90%$3.14
3.35%$0.201594
0.52%$2,513.72
-1.07%$0.098105
1.82%$0.999898
-0.00%$0.999477
0.10%$0.0000249
0.09%$6.99
3.15%$0.00923972
1.30%$104,370.00
1.06%$0.104082
2.02%$102,265.00
2.18%$0.00000119
-2.20%$0.064844
-0.65%$0.04823075
1.20%$0.705493
2.69%$0.999901
-0.01%$2,518.99
1.16%$1.81
-3.10%$1.62
-2.29%$2,514.21
1.41%$48.25
1.46%$0.00000043
2.71%$1.61
-0.24%$1.42
7.23%$0.436775
-6.45%$0.258483
-1.75%$0.159878
-2.29%$1.72
-8.69%$0.409832
22.54%$1.096
0.00%$1.006
0.50%$0.0058408
-3.79%$0.417525
-0.19%$0.196257
5.17%$105,021.00
2.00%$0.851548
-2.23%$0.00454625
0.85%$0.00006959
0.08%$0.900856
4.21%$0.00374708
-1.35%$34.01
2.02%$0.01932877
1.04%$0.037386
-0.97%$0.336173
-2.07%$1.001
0.06%$2,660.29
0.89%$0.291845
4.91%$4.35
1.31%$0.358148
-3.80%$138.00
0.14%$1.00
-0.00%$21.58
0.05%$2,770.08
1.35%$3.03
1.56%$24.84
1.53%$0.742132
1.58%$104,368.00
1.16%$2,744.24
1.51%$0.234467
0.48%$0.999834
0.07%$0.557262
-1.93%$0.03809182
3.45%$0.00000158
-2.75%$1.001
0.19%$2,516.94
1.22%$24.86
-1.56%$1.00
0.01%$0.00353725
-0.11%$2,717.88
1.34%$18.82
1.06%$24.88
1.77%$1.098
-0.10%$2,510.07
1.15%$0.279266
3.25%$0.879337
5.17%$0.00290075
0.07%$0.00
0.79%$0.589373
-0.31%$0.727046
9.61%$0.289145
0.39%$0.01479788
2.77%$0.04110738
1.75%$0.999981
0.00%$0.121556
-0.07%$24.86
-1.53%Reading
EthereumEthereum, the second largest cryptocurrencycryptocurrency by market cap and Bitcoin’s strongest competitor, has broken $200 per coin for the first time since Sunday’s flash crash.
ETH is currently trading for just over $200 and has added more than 7% to its price since yesterday morning.
This marks a $14 price hike from Wednesday, when the currency was trading for $189. Over the weekend, the crypto market experienced a flash crash that sent prices tumbling (and Coinbase offline). The price of Ethereum dropped from $209 to $187 within 30 minutes.
Since then, Ethereum has mostly recovered over the past 24 hours, along with the market leader, Bitcoin, which is currently trading for just over $9,700.That’s a $900 spike from yesterday, and a more than 6% jump since this morning.
Together, their surge has buoyed the rest of the crypto market to an overall market cap of $262 billion, an increase of $15 billion in one day.
Ethereum’s gains follow news of the network’s growth and increasing popularity. Earlier this week, the market saw ETH-based futures introduced to professional traders for the first time. Institutions now have the option to trade Ethereum derivatives on US-regulated exchange ErisX.
Back in March, Bitcoin (BTC) and most other cryptocurrencies joined the stock market in one of the biggest market sell-offs in recent history. Now, two months after, what is now known as, Black Thursday (March 12, 2020), Bitcoin has recovered all of its losses plus more, while the stock market is still struggling. Despite crashing from a peak of $7,931 on Black Thursday, down to a trough of $4,121 a day later, Bitcoin has managed to climb back to $9,700 today. This represents a gain of 135% sinc...
The exchange is backed by broker and trading platform TD Ameritrade and governed by the Commodity Futures Trading Commission (CFTC). The futures themselves are settled physically, meaning ErisX will have to purchase ETH before trading it. Institutional players will now have more control in how they can buy or sell ETH and hedge their risks by betting on the future price of the asset.
Remember that day that stocks dumped and Bitcoin went up?
That was today. And yesterday.
They’re not correlated now, and they weren’t correlated before.
Thanks.
— The Wolf Of All Streets (@scottmelker) May 14, 2020
The good fortune for both Bitcoin and Ethereum is in stark contrast to the current state of the US stock market and economy. For months, crypto has been tracking the stock market, ever since the Black Thursday crash. That correlation—one that market analysts and traders have disputed as inorganic—appears to have at last been broken.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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For the past two years, Ethereum's price has lagged behind Bitcoin. But over the past two days, ETH has been outpacing BTC and other major coins, with three analysts whom Decrypt contacted attributing its huge gains to a flawlessly executed technical upgrade and a few hopeful signs about the global economy. The analysts believe that Ethereum may have significant upside after languishing in the doldrums amid concerns about its underlying network's speed and efficiency. "The market is poised to re...
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