Ethereum, the second largest cryptocurrency by market cap, has surpassed $ 900 today. The price is about $ 500 behind $ 1,432, the all-time high seen in January 2018.
With the latest move, ETH has increased 20% in the last 24 hours and 43% in the last week. The current price is $ 912 and the market value is $ 104 billion. This is one-sixth of the market value of Bitcoin, as BTC has a market value of $ 626 billion at the time of writing.
Altcoins are on the rise as Ethereum rises to $ 900
Altcoin season is starting slowly, today all altcoins are up: Dogecoin 70%, VeChain 26%, Litecoin 17% and Maker 15%. Even the US dollar fixed cryptocurrency Tether has reached $ 1.02 today.
XRP is in decline. The coin fell 1.41% today and 22% in the last week. The collapse of the cryptocurrency is attributed to the lawsuit filed by the US Securities and Exchange Commission.
Along with ZCash and Dash, two tokens with strong privacy features, Monero is also on the decline.
Bitcoin endured $ 35K
Ryan Taylor, CEO of Dash Core Group, told Decrypt: “We reached out to Bittrex to address the concerns of third parties, such as payment processors or regulators. Dash has been removed from other exchanges in the past, and we’ve been pretty good at getting re-listed once our support became available. ”
The driving force stems from Bitcoin, which rose to an all-time high of $ 34,408 this week.