• Advertise
  • Submit a Press Release
  • About Us
NewsBTC

Bitcoin & cryptocurrency news

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
ETH

ETH Breaches $1,500 Level As Ethereum Adds Over $20 Billion To Its Market Cap

Christian Encila by Christian Encila
1 year ago
in Cryptocurrency Market News
Reading Time: 3 mins read

Ethereum (ETH), regarded by the crypto community as the “king of altcoins,” is finally being talked about in a positive way after being the recipient of negative criticisms as it failed to capitalize on its loudly-hyped “merge” update.

After all, following the bullish momentum that propelled the overall valuation of the crypto market to over $1 trillion once again on Thursday, the digital currency is all-green on its price charts.

According to data from Coingecko, as of this writing, ETH is changing hands at $1,546. While it only managed to climb by 1% over the last 24 hours, the asset is sitting on a 20.4% increase for the past week.

In that department, the number one altcoin managed to outperform Bitcoin – something that is rarely seen since the two assets were pitted by the crypto space against each other.

Related Reading: Hedera: A Quick Evaluation Of The Network – And How HBAR Performed This Week

Ethereum Market Cap Swells Anew

Not only did Ethereum manage to breach the crucial $1,500 marker that proved to be challenging for the crypto asset over the last few weeks. Before arriving at its current spot trading price, the altcoin king settled for $1,347.

With its impressive price pump, its market capitalization ballooned to $186.395 billion. ETH ended up being richer by over $20 billion as its overall valuation on October 25 was only a little over $164 billion.

If the asset continues this momentum, it might enter the month of November with prices that might be closer to its all-time high (ATH).

It can be recalled that on November 10, 2021, Ethereum hit a milestone changing hands price of $4,878. ETH, however, already lost 68.3% of that value as it struggled to gain enough steam for a bullish run despite undergoing a major network development this year.

It’s interesting to see how the Bitcoin rival will end this month of October which is said to be a friendly one for all crypto assets.

Ethereum Surpasses Predicted November Price

The ETH community has always been very vocal about their price prediction for the crypto. In fact, in the past, they have predicted that Ethereum will trade at $1,488 by the end of next month.

But the digital asset has managed to surpass that forecast before October ends. This would mean that if, over the next few weeks, ETH manages to sustain its current price or move to even higher levels, it will experience price correction before exiting November 2022.

The asset’s community will be more than happy to be proven wrong with their prediction as long as they witness a continued bullish trend for Ethereum.

Related Reading: Cardano (ADA) Market Cap Grows By Over $1 Billion In 24 Hours

ETH total market cap at $189 billion on the daily chart | Featured image from Nairametrics, Chart: TradingView.com

Disclaimer: The analysis is based on the author's personal knowledge and should not be construed as investment advice.

 

Tags: altcoinbitcoinbtcbtcusdcryptoETHethereumethusdMarket Cap
Tweet123Share196ShareSend
Christian Encila

Christian Encila

Christian is a journalist, editor and a former layout design consultant. Alongside his passion for writing, he is an avid fan of cryptocurrency and works tirelessly throughout the week. When he's not on his computer, you can find him tinkering with his old motorbike as a grease monkey, or lounging on the patio hammock while pondering about artificial intelligence and whether he'll ever understand his cat's thoughts and calmness.

Related Posts

Polkadot DOT

Analyst Thinks DOT Will Reclaim Former Glory With Polkadot 2.0

11 hours ago
Bitcoin price prediction

Bitcoin Price Alert: $48,000 By Early January, Forecasts Proven Indicator

17 hours ago
Solana

Revving Up: Solana Bulls Ready To Charge As Analysts Predict Rally Beyond $80

18 hours ago
Unlocking Opportunities: iGaming Tokens and a 115% Surge in the Industry

Unlocking Opportunities: iGaming Tokens and a 115% Surge in the Industry

20 hours ago
Top crypto altcoins this week

Top Altcoins Poised To Make Waves This Week: Crypto Analyst

21 hours ago
Polygon (MATIC) crypto price up 30% experts predict $1 Next

Polygon (MATIC) crypto price up 30% experts predict $1 Next

23 hours ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit
Inmerion

Inmerion

Review · Visit

Press Releases

  • SEC Calls $ADA and $SOL “Securities” in New Kraken...

    19 hours ago
  • Primex Finance Deploys to Arbitrum to Enable Leverage on...

    2 days ago
  • FansHood Unleashes Innovative SocialFi Platform Redefining...

    2 days ago
  • ArbitrageScanner is hosting its biggest affiliate event in...

    2 days ago
  • $SCORP Token: Passive Income With Deflationary Mechanics...

    2 days ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best Crypto Casino

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.