The second largest cryptocurrency approached the $ 1,900 level after reaching an all-time high. Here are the reasons why ETH is constantly rising. Less than four hours ago, ETH surged to an all-time high of $ 1,871 after reaching the previous ATH just four days ago.



Ethereum rises above $ 1,871

Data from CoinMarketCap says that ETH has reached its all-time high and is approaching the $ 1,900 price mark.

It took only four days to get the second largest coin to a new ATH.

The reasons behind the increase in ETH

Earlier this week, on February 8, CME launched ETH-based futures for financial institutions. 77 contracts were traded on the first day.

Stakers’ activity in the ETH 2.0 deposit contract (ETH 2.0 Zero Phase, also known as the Beacon Chain) also pushed the price up.

On February 10, the amount of Ethereum deposited exceeded 3,000,000 tokens, representing $ 5,400,060,000 (at the current exchange rate) in fiat. These coins were transferred to the chain and locked by 84,273 validators.

The daily amount of new validators totals about 365.

The latest Bitcoin also contributed to Ethereum’s surge above $ 1,871, the all-time high of $ 48,745.

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Ethereums stolen from the Parity wallet 4 years ago are in motion


Grayscale adds $ 1 billion in crypto before ATH

Grayscale Investments hedge fund shared in a recent tweet that it has increased its crypto assets to $ 37.8 billion. This means adding a billion US dollars in a single day. The previous figure was $ 36.8 billion.

Grayscale’s ETH ownership increased from $ 5.5 billion to $ 5,623.5 million.


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