Recently, crypto enthusiasts are happy not only for Bitcoin, the rate of which has approached $35,000. Ether exceeded $1,000 for the first time since the beginning of 2018. Since the evening of January 2, ETH has grown by a third — at that time the coin was trading at $720, now ETH is $1,090. It is quite possible that in the coming days, Ethereum will record new highs. The previous one was set at $1,400 in mid-January 2018.
The growth of the ETH rate is not accidental — the hashrate of the Ethereum network has doubled since the beginning of 2020 and reached a historic high. In addition, the number of available coins on the market has decreased to the lowest level in the last five years — ETH holders simply do not want to sell it. The recent announcement by CME Group about the launch of Ethereum futures trading was also influenced.
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