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25 January 2021

Bitcoin Stalls while Ethereum Breaks New Records - Decrypt

Bitcoin Stalls while Ethereum Breaks New Records - Decrypt


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Ethereum’s price too has been pretty stable over the last two days, but the world’s second-largest cryptocurrency by market cap by setting records of its own. .

The coin’s regular price has also been trending northwards over the last seven days, and is now within touching distance of $600. .

The project’s performance has led to a boom in the number of addresses holding more than 1 ETH.

According to data released by Glassnode, there are now more than 1 million addresses holding 1 ETH, a number that has grown by 12% in the last six months.

While traditionally Ethereum’s price was strongly correlated with Bitcoin’s, the recent boom in DeFi and the advent of Eth 2.0 has given the project’s rise a distinct flavour.

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