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10 May 2021

Ethereum's Price Taps Fresh New Highs, ETH Market Cap Eats Away BTC Dominance – Markets and Prices Bitcoin News

Ethereum's Price Taps Fresh New Highs, ETH Market Cap Eats Away BTC Dominance – Markets and Prices Bitcoin News


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On Wednesday, ethereum tapped an all-time high at $2,736 per unit as the crypto asset has gained 11.48% during the last seven days.

While a great number of digital assets dropped in value last week, ethereum (ETH) prices rebounded much quicker than most.

During the last seven days, ether prices have jumped 10% higher against bitcoin (BTC) as well.

This has ramped up decentralized finance (defi) action this week and the total value locked (TVL) in defi today is a colossal $63.2 billion in value.

While BTC transactions settled $75.1 billion during the last 24 hours, the ETH network processed $23.57 billion over the course of the day.

Ethereum settled $1.5 trillion in transactions just last quarter.

Since Spencernoon’s tweet, ethereum has gathered an overall market valuation of around $311 billion today?

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