The Crypto Times
Image default
Bitcoin Ethereum News

Ethereum Price Downtrend Reverses

The price of Ether, the cryptocurrency that powers the Ethereum blockchain, rose above $300 yesterday, rising to a high of just over $307.

Ethereum Sees Price Increase

The price of the Ethereum coin has been declining since its high of over $400 in early June. This high came amid a wave of initial coin offerings (ICOs) on the platform.

Now, Ether appears to be reversing its recent downtrend, rising more than 35% over the last week. Ether is up from the $227 total observed at the start of trading on August 2 and a low of $137 in the month of July.

Connection to Bitcoin Price

This increase in the value of Ether comes during a time when the Bitcoin price is near all-time highs. Bitcoin set a new record yesterday when it rose above $3500 across global exchanges.

The appreciation of both assets is pushing the overall investment in cryptocurrencies with the total value of all publicly traded digital assets reaching yet another all-time high of over $124 billion.

 

Related posts

Indian Government Considers State-Backed Cryptocurrency

Hootie

China’s JD.Com Has More Than 200 Blockchain Patent Applications Pending

Viena Abdon

Retail Giant Carrefour Enjoys Sales Increase after Using Blockchain Tracking System

Viena Abdon

Comcast Looks to Add Blockchain Data Sharing Service

Hootie

Binance Launches New Exchange in Singapore But Only Offers One Trading Pair

Viena Abdon

Bitfinex Reportedly Used Tether Reserves to Hide $850 Million in Missing Cash

Viena Abdon

Leave a Comment