Tumultuous Week Fuels 30% Gain in Bitcoin and Ether Prices
Bitcoin and ether both surged this week, the former hitting a 28-month high and the latter surpassing $20 for the first time. The combined rally of these two digital currencies from 10th June to 17th June helped shed further light on their relationship, a matter that has frequently drawn the attention of market analysts. To date, the price of bitcoin and ether have correlated positively at some points and negatively at others. Since the two both surged in value in the week ending at 12:00 UTC on 17th June, their correlation was positive during the period, though on closer inspection this....
Related News
The price of ether, the cryptocurrency of the ethereum network, has surged over the last week, rising to the most in more than eight months and approaching a new all-time high – even as digital currencies like bitcoin and dash have generated significant visibility through their own sharp price gains. Ether prices have risen as much as 59% during the week, reaching $20.67 at roughly 10:44 UTC today after opening slightly above $13 on 25th February, CoinMarketCap figures show. At the time of report, ether had pulled back somewhat, but was still trading roughly 50% higher for the week at....
Bitcoin prices experienced notable gains this week, pushing higher as sentiment recovered from the lagging impact of market turmoil. The digital currency rose to as much as $1,024.14 on 3rd February, roughly 11.5% above its opening price of $918.56 on 28th January, according to the CoinDesk Bitcoin Price Index (BPI). At the time of report, bitcoin was trading at $1,015.11, slightly below the weekly high. This sharp gain compared to the tepid increase of 3% generated during the week through 27th January, and the more notable rise of 7.9% produced during the prior week. Bitcoin’s price....
The price of bitcoin appreciated nearly 4% for the week ending 27th May, but the figure is perhaps not indicative of the wild trading action the market saw during the period. Such movements came as market observers are becoming more interested in the relationship between bitcoin, the token supporting the world's longest-running blockchain, and ether, the token for the Ethereum platform. Bitcoin's gains, for example, came as ether prices plunged sharply, but it made this climb amid modest trading volumes. By contrast, ether enjoyed robust transaction activity, a sign that points to a....
Bitcoin, Ethereum, and other major cryptocurrencies took a beating on Tuesday evening, amid a week that had been anticipated to be tumultuous for the larger crypto and world financial markets. After a week of sustained rallies across the majority of the virtual currency market, prices are falling and the overall market value has dropped below […]
Ethereum's native cryptocurrency, ether, jumped to its highest level since early 2018 following a 43% gain last week.