James Mickleboro | February 13, 2018 Enter your email below for FREE access to this article and all the content on the site. Also receive Take Stock, The Motley Fool’s unique daily email on what’s really happening with the share market.
You may unsubscribe any time. The Ethereum (ETH) price has built on its overnight gain during morning trade and is up close to 4.5% over the last 24 hours to US$867.64 according to Coin Market Cap.
This means that the world’s second-largest cryptocurrency now has a market capitalisation of approximately US$84.7 billion, equating to a 19.6% share of the US$432.2 billion global cryptocurrency market. It certainly has been an impressive turnaround for Ethereum.
This time last week the crypto market was going through an almighty sell-off, leading to the ETH price falling as low as US$574. Which means that Ethereum has now climbed over 51% from its low in the space of a week.
Ethereum and its crypto peers bitcoin (BTC), Ripple (XRP), and Bitcoin Cash (BCH) have been on a strong run over the last few days thanks to increasingly positive sentiment amongst cryptocurrency traders. Trader sentiment has been improving greatly ever since U.S. regulators stated their intention to make the industry safer, rather than ban it altogether. Read more from fool.com.au…
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