Ethereum hits new high

The price of Ethereum has just passed the $ 4,500 per coin mark. This is the 3rd ATH of this cryptocurrency this year.

According to CoinMarketCap data, Ethereum (ETH) – the world’s second largest cryptocurrency – just had a new ATH (all-time high) on the evening of November 2nd 4.501 USD/Copper. Thus, the ETH price has risen by 8.01% in the last 7 days. It is noteworthy that the price of ETH has almost doubled in the last 30 days.

The growth momentum of ETH has helped the capitalization of the cryptocurrency outperform the number 530 Billion USD, increased by 3.37%. In just 24 hours, the ETH trading volume has increased and reached by 3.54% 18.4 Billion USD.

In general, most of the 10 largest cryptocurrencies in the world are highlighted in green. Polkadot, Binance Coin and Shiba Inu Coin are the codes with the most impressive growth dynamics.

In addition to the ETH, the Bitcoin price also returned to the mark $ 63,000/ dong, 2.28% more than the previous 7 days. This is a positive signal for the market if the Bitcoin price fell continuously a few days ago, sometimes even below that $ 58,200/Copper.

“Bitcoin price rallied after the mid-week slump. That Bitcoin falls below the price mark $ 60,000/ coin could have gotten cryptocurrencies into trouble and made the price drop even further. But that doesn’t happen, “financial expert Craig Erlam told Zing.

Bitcoin’s correction contradicts observers’ predictions that Bitcoin can easily hit the threshold $ 70,000/ dong after setting a new ATH at $ 67,000/Copper.

“Bitcoin price is falling down $ 60,000/ dong worries many investors. The heat fueling the uptrend in Bitcoin futures ETF supply has dried up. Bitcoin does not easily penetrate the threshold $ 70,000/ dong, “said Edward Moya, a financial expert at consultancy Oanda (based in the US).

However, according to this person, the price of Bitcoin has just seen a short-term decline. This could be a good sign that Bitcoin price will break out after the correction period.

Mink Khanh

ZING

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