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Ethereum Continues Breaking Records, Surpassing $4760


bctd.news 08 November 2021 04:42, UTC
Reading time: ~2 m

Today, November 8, the price of Ethereum reached a new all-time high of $4762. The token's market cap stands at above $561.4 billion, and its market dominance index is 19.61%.

The largest altcoin has hit several all-time highs recently. Since 2020, Ether gained around 1000%. Among the reasons for the surge are network upgrades and the growing popularity of the industry.

On November 5, digital asset manager Bakkt announced starting to deliver Ethereum services. JP Morgan's analysts said that holding Ethereum will be more beneficial than Bitcoin due to its ability to power DeFi projects and NFTs, the areas that have been booming.

As for Bitcoin, it's more like digital gold.

Overall, the bullish trend prevails in the crypto market. The total crypto market cap is close to hitting $3 trillion. At the moment, it stands at above $2.87 trillion. Bitcoin trades at around $66.000 with most crypto assets recording significant gains.

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