- Ethereum reaches a new high in more than 10 months
- Bitcoin continues growing and it surpassed $11,100
Ethereum (ETH), the second largest digital currency in the market, has reached a new high in more than ten months after surpassing $310. The price increase experienced by Ethereum is also closely related to Bitcoin surpassing $11,100 a few hours ago.
Ethereum Follows Bitcoin Trend
As Bitcoin reaches new highs in more than a year, Ethereum is also moving upwards. The digital currency has surpassed $314, hitting a 10 months high. In just a week, the virtual currency has just gained over 16.2% in value. According to CoinMarketCap, Ethereum has a market capitalization of over $33 billion.
Meanwhile, XRP has also started to move after some time in which it seemed lagging behind the top 2 digital assets. XRP is currently the second fastest growing digital asset among the top ten. In the last 24 hours, the digital currency expanded almost 9%, following the whole positive trend in the market. Currently, CoinMarketCap shows that XRP has a price per coin of $0.47882.
Bitcoin has registered impressive gains in the last few weeks. As many investors were expecting, Bitcoin surpassed $10,000 and went on growing surpassing $11,100, the highest value since March 2018. As the market continues growing, new users and investors keep entering the space and placing their funds in the most popular and largest virtual currencies in the market.
Currently, Bitcoin fell to $10,800, Ethereum to $307 and XRP to $0.47. In the medium and long-term, analysts remain bullish about virtual currencies in the market.