Ethereum Rises by 11% Amid Optimistic Market Sentiment, Reports Investing.com

Investing.com – Ethereum experienced a surge in its trading price, reaching $2,676.49 by 14:03 (19:03 GMT) on the Investing.com Index on Wednesday. This signified an impressive ascent of 11.13% within a single day, marking the strongest one-day uptick since August 8.

This upward trajectory elevated Ethereum’s market capitalization to $322.71B, accounting for 12.92% of the cumulative market cap of all cryptocurrencies. Ethereum’s market cap peak was $569.58B.

Within the last 24 hours, Ethereum fluctuated between $2,422.03 and $2,677.91.

Reflecting on the week, Ethereum’s value largely remained flat, with a slight change of 0.43%. The 24-hour trading volume for Ethereum stood at $38.82B, which is 18.59% of the aggregated trading volume across all cryptocurrencies. During the last seven days, Ethereum has oscillated between $2,362.9089 and $2,677.9063.

Despite its current price, Ethereum is still 44.97% below its all-time high of $4,864.06, which was recorded on November 10, 2021.

Digital Currency Market Developments

Elsewhere in the digital asset markets, Bitcoin was recently priced at $75,245.8 according to the Investing.com Index, which constitutes a rise of 9.03% on the day.

Tether USDt saw minor gains, with a trading price of $1.0010 on the Investing.com Index, up by 0.09%.

The market capitalization of Bitcoin was reported at $1,488.40B or 59.58% of the total market cap for cryptocurrencies, whereas the market cap of Tether USDt reached $120.60B, representing 4.83% of the market’s total value.