Ethereum exceeds $ 2,000 mark for the first time in history

Charlie Taylor

Ethereum, the second largest cryptocurrency in market capitalization, surpassed another milestone by reaching the price of $ 2,000 and a market cap of $ 233 billion. The bullish race in the crypto market continues in full force, with ETH rising almost 200% since the beginning of the year, when it was traded around $ 720. Ethereum has been among the best performing crypto assets since the mid-March liquidity crisis in 2020, when it dropped to less than $ 100 while Bitcoin plummeted to $ 4,000. The cryptocurrency has seen nothing but gains since then, which has resulted in several records broken over the next 11 months.

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The ether entered 2022 at about $ 720. It took less than a month to double its value and break its 2018 record of $ 1,430. Although these gains looked impressive in themselves, ETH was not yet over. The asset only improved its price performance and headed north into unfamiliar territory. Now, about a month after breaking its previous record, Ethereum has successfully achieved another milestone – $ 2,000 each unit of ether.

Didn't leave Bitcoin behind

However, when comparing its price with Bitcoin (BTC), ETH has not shown a relevant increase since August 2018, as shown by data from Coinmarketcap:Ethereum price chart (ETH) in USD and BTC.Dollar price (green) vs. Price in BTC (yellow). What the two main cryptocurrencies did was to leave the USD and other fiat currencies in the dust. At the time of writing, 1 US dollar buys just 0.00050 ether or only 0.000018 bitcoin. With a market cap now hitting the $ 233 billion level, Ethereum is in the top 34 of the world's largest assets according to AssetDash, surpassing the market cap of major brands such as Nike, Adobe and Coca-Cola.Alter 2 "srcset =" 759w, /759x150-300x59.png 300w, 150w, /2022/02/759x150-585x116.png 585w "data-sizes =" (max-width: 759px) 100vw, 759px "width =" 759 "height =" 150

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