Bitcoin price rises as second-biggest cryptocurrency ether hits all-time high

Bitcoin rose more than 7.4% in the last 24 hours to trade around $34,807, looking to recover from steep losses last week. Ether, the world’s second-biggest cryptocurrency, notched a new all-time high of $1,476 early Monday morning.

“Penny Trade” Pays Warren Buffett as much as an extraordinary 4,429%?

Bitcoin’s price rose on Monday after a brutal sell-off that saw the virtual currency briefly dip below $30,000. Meanwhile, ether — the world’s second-biggest cryptocurrency — hit a fresh record high.

Bitcoin rose more than 7.4% in the last 24 hours to trade around $34,807, according to data from CoinDesk, looking to recover from steep losses last week that wiped out more than $100 billion from the entire crypto market.

Ether, the digital token of the Ethereum blockchain, notched a new all-time high of $1,476 early Monday morning. The cryptocurrency climbed 6.2% to a price of $1,415 at about 9:15 a.m. ET.

Altcoins, or alternative cryptocurrencies, have been known to rally in times of strength for bitcoin. Ether’s latest price movement was attributed to increased use of Ethereum — its underlying network that is undergoing a major upgrade — and interest from institutional investors in crypto.


One of Crypto’s First Millionaires Is Giving Away His #1 Pick for Free

Charlie Shrem was one of the first bitcoin millionaires in history and has made a massive fortune by being an early backer of the most popular cryptocurrencies in the world.

Today, he’s revealing the next big crypto to buy … for FREE.

“Ethereum’s current rise cold shoulders the sceptics, many of whom were quick to denounce crypto when bitcoin recently fell from its $40,000 high,” said Simon Peters, cryptoasset analyst at online investment platform eToro.

“With a whole range of logistical improvements to the Ethereum network in the works, increased institutional inflows, and more and more developers building on the platform, the future is bright for Ethereum. I believe that a price of $2,500 by the end of the year is very feasible. As with all crypto, however, there will be bumps along the way.”

Bitcoin, the world’s largest cryptocurrency by market value, has had a wild start to 2021. After quadrupling last year, bitcoin’s price briefly topped $40,000 for the first time on Jan. 7. It’s down 17% from its all-time high, but still up over 17% since the start of the year.

Advocates of the digital coin say it’s benefited from heightened institutional demand and its perception as a safe haven asset similar to gold. But skeptics are worried bitcoin is in a bubble.


Missed buying bitcoin in 2015? It doesn’t matter…

This is your rare second chance to get in early on world-changing crypto tech – without touching a crypto exchange or “digital wallet.” This potential market is 1,400% bigger than bitcoin, Ethereum, and Ripple. It’s all part of a bigger trend you must understand before it goes mainstream – click here for the full story.

Source: | Original Link

Leave a Comment