New highs for Ethereum

November 08, 2021
New highs for Ethereum

The crypto market started the week on a positive note

The world second largest cryptocurrency – Ethereum – went up more than 4% on Monday, hitting an all-time high above $4,700. The crypto is undergoing a significant upgrade, which investors hope, will make the network faster and more environmentally friendly. The latest step in its network came last month when an upgrade called Altair went live.

At the same time, Bitcoin climbed 7% to $66,250, slowly but surely decreasing from the $66,900 record set in late October. Bitcoin’s movement followed the listing of the first US bitcoin futures exchange-traded fund.

At that time, crypto enthusiasts praised the move as a sign of growing acceptance for digital assets on Wall Street.

Moreover, Australia’s biggest bank announced it would offer crypto trading to customers. Also, last week, the New York Mayor-elect, Eric Adams, revealed that he will receive his first three paychecks in bitcoin and signaled his intention to make the city the “center of the cryptocurrency industry.’

Since the beginning of the year, Ether has been up around 59%, while Bitcoin gained approx. 51%.

Source: cnbc.com, reuters.com

This information prepared by ClickTrades.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.
This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.


You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.



This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of ClickTrades.com.

Recently Added

Most Affected Instruments

Ethereum
arrow
ethereum chart
Bitcoin
arrow
btcfutures chart