News Ethereum jumps back over the $180 mark, but for...

Ethereum jumps back over the $180 mark, but for how long?

-

- Advertisment -

It’s been a relatively good day for crypto traders so far, as virtually all of the top-20 cryptocurrencies by market cap are in the green, according to data from Messari.

Bitcoin, for example, is still trading above the $8,250 per coin mark, after another brief, but ugly, fall into the $7,000 range roughly 24 hours ago. Meanwhile, Bitcoin Cash is up to about $236—a near-$13 increase since Friday—and Litecoin is trading for just shy of $59.

Ethereum, however, is currently one of the day’s biggest winners, up from yesterday’s price of $170 per coin to above $180 today. According to FXStreet, Ethereum trading volume on the popular U.S.-based crypto exchange Coinbase has increased heavily. While this is good news for ETH holders, the $180 range has proven to be a difficult resistance level in the past for the world’s second-largest digital asset. 

Be the first to get Decrypt Members. A new type of account built on blockchain.

At the same time, Ethereum has made some significant developments over the past few days that could potentially be giving ETH traders a boost in morale. Infura—an Ethereum-based platform that runs nodes for developers—is now fully owned by ConsenSys, a blockchain incubator (that also happens to fund Decrypt).

While the business of running nodes on developers’ behalf makes Ethereum-based applications vulnerable to potential hacks, Infura has proven to be an important addition to the Ethereum network, having survived many scares including the DAO hack in 2017 and Ethereum’s subsequent hard fork.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

What’s the future of decentralized blockchains?

When Bitcoin was new and not valued at anything or just a few cents anyone could join...

My 5 favorite free crypto tools & sites I use daily

So I often get asked by friends, or people visiting my site about new tips for exciting...

Cryptocurrency is The Last Kingdom Where You Can Keep Your Data Private

Data privacy has been a hot topic for quite some time now and particularly after the popularity...

How To Travel With Bitcoin: 9 Travel Companies Accepting Bitcoin

Bitcoin travel is a reality, as several travel companies now accept payments in cryptocurrencies for their services.
- Advertisement -Ethereum jumps back over the $180 mark, but for how long?

Top 5 Ways To Build a Profitable Business in The Crypto Sector

The crypto industry has grown significantly despite criticism and a skeptical approach from regulators across the globe....

These 8 Cryptocurrencies Will Survive the Next Decade

Cryptocurrency is the future, we all have reasons to believe it. But are people ready...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you