Ethereum (ETH), the second largest crypto asset by market capitalization, reached an all-time high, recording upward price movements, immediately after Bitcoin’s ATH.
News Feeds Have Stimulated the Market
The leading cryptocurrency Bitcoin, Gained a bullish momentum after the release of US inflation data and reached an all-time high by recording upward price movements. The announcement of the annual inflation rate in the United States at 6.2%, the highest rate recorded since 1990, triggered upward price movements that allowed Bitcoin to reach price levels of $ 69,000.
The New ATH from Ethereum
with a market capitalization of $577 billion, it is the second largest crypto asset in the cryptocurrency market Ethereum da, adapting to the price movements of Bitcoin, began to record high value increases in a short period of time. Ethereum approached the 4.700 dollar price levels with upward price movements that it started recording from the 4.900 dollar price levels and reached the 4.878 dollar levels according to CoinGecko data.
High Price Performance on Ethereum
Ethereum, along with a number of successful updates that have taken place and a new ETH burning mechanism introduced into the network, has acquired a deflationary structure, significantly reducing its supply. In this process, Ethereum, it showed a high price performance and recorded significant value increases in a short time. Many crypto currency analysts on the topic expressed their price expectations for Ethereum. There has been a lot of talk on social media that Ethereum is likely to exceed the $5,000 price levels soon.
The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.