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Ethereum Cryptocurrency Rises 10% in Bullish Trading Rally
Ethereum was trading at $4,642.23 at 19:02 (16:02 GMT) on Investing.com Index on Friday, marking a 10.04% gain for the day. This was the sharpest daily increase in the cryptocurrency since May 10.
The surge pushed Ethereum’s market capitalization to $559.30B, representing 14.01% of the total cryptocurrency market cap. At its peak, Ethereum’s market capitalization had reached $575.27B.
Over the past 24 hours, Ethereum traded within a range of $4,209.40 to $4,667.78.
In the past 7 days, Ethereum posted a gain of 4.54%. Trading volume over the last 24 hours amounted to $53.66B, or 26.73% of the total crypto market volume. Over the past week, Ethereum traded between $4,067.90 and $4,667.78.
Currently, Ethereum’s price has slightly retreated from its recorded peak.
Meanwhile, other cryptocurrencies
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Bitcoin was priced at $116,631.5 on Investing.com Index, up 3.73% on the day.
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XRP traded at $3.0380, showing a 5.07% increase.
Bitcoin’s market capitalization previously stood at $2,323.08B, or 58.18% of the total cryptocurrency market, while XRP’s market cap reached $180.02B, accounting for 4.51% of the market.
See also: "Coinbase Announces Listing of Trump Family’s Stablecoin USD1"
