Ethereum sets new records

Ethereum sets new records

Ethereum, the second largest cryptocurrency by market capitalization.

At the beginning of a new week cryptocurrency trading could be observed that the bitcoin bulls have been a bit depressed for the last day. BTC had not gone far from the level of 16 400$. The output price on the most popular cryptocurrency has fluctuated significantly due to launch of futures contracts on the CBOE. In just a few days, bitcoin rose and fell by more than $ 5,000 before the restoration. In turn, Ethereum for several days remained at the same level … until now.

This morning, Asian trading was, at least, intense, especially with regard to Litecoin, and Ethereum, the prices of which have reached record highs. In the last three weeks Ethereum did not feel strong growth with the sales at the level of $ 460 with a slight profit. But at night (around 01:00 Moscow time) the situation was reversed, and scriptactive broke through the resistance level and went up, breaking the psychological mark of $ 500.

According to CoinMarketCap fixed the growth continued, and in four hours ETH has set a new record price – 553 dollars. A jump of almost 17% in just a few hours. Small correction lowered the price to about $ 530, but then the pace has recovered.

Market cap growth

Ethereum, the second largest cryptocurrency by market capitalization. Its market capitalization since yesterday increased from 46 to 51 billion. According to CoinMarketCap, most transactions for the last day was held at the GDAX (a division of Coinbase) – for 287 million dollars, representing about 11% of the total turnover. The second most popular exchange for Ethereum became Bitfinex with 9.5% of the trades. It is followed by South Korean Bithumb, where it was processed 7.5% of the transaction.

The total amount of movement of Ethereum for the day reached $ 2.6 billion, at the time of this writing. In recent times the achievement of ETH the mark of $ 500 was short-lived during mania CryptoKitties, which won the network at the end of November. Digital seals have fallen off the network, and transactions stalled. Price came back to around 450 dollars, where it remained until yesterday.

Major banks support the blockchain

Recent growth was fuelled by news that global banking industry is showing interest in smart contracts on Ethereum database. According to reports, Barclays, Credit Suisse, KBC, SIX, Thomson Reuters and UBS aims to create a solution to automate compliance with the Directive of the European Union II “O markets in financial instruments” (MiFID) through smart contracts on the basis of the Ethereum blockchain. This will allow large financial institutions to comply with more stringent requirements and guidance using a common platform.

At the moment Ethereum is trading at a price of about $ 555, which is 16% higher than this time last month.

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