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Ethereum [ETH]’s blues washed away; grows by 2%

Akash Anand

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Ethereum [ETH]'s blues washed away; grows by 2%

The cryptocurrency market saw a relatively bullish run on 4th October with most of the coins seeing green after two days of the bear’s reign. Popular cryptocurrencies like Bitcoin [BTC], Ethereum [ETH] and XRP saw rises that put a lot of users and enthusiasts at rest.

CryptoBwoy, a cryptocurrency enthusiast stated that:

“Finally! I was just waiting for the drop to end. Atleast now people will see some sense and inest in Ethereum.”

At the time of writing, Ethereum [ETH] was rising at the rate of 2.00% with a total market cap of $22.888 billion. The cryptocurrency was trading at $224.06 with a 24-hour market volume of $1.585 billion. A majority of Ethereum’s trade volume was held by LBank with trade amounting to $80.205 million. LBank’s hold was closely followed by HitBTC’s $73.811 million.

Ethereum was also in the news recently when the Enterprise Ethereum Alliance [EEA] announced its partnership with Hyperledger, a collaboration that is aimed to advance cross-border blockchain technologies. Ron Resnick, the Executive Director of EEA stated:



“Collaborating through mutual associate membership provides more opportunities for both organizations to work more closely together. In addition, Hyperledger developers who join the EEA can participate in EEA Certification to ensure solution compliance for projects related to the Enterprise Ethereum Client Specification.”

Ethereum has also been focusing on increasing the use case roster which was made evident with the launch of Opera Labs, a desktop browser with an integrated cryptocurrency wallet feature.

Charles Hammel, the Product Lead if Opera Crypto had earlier stated:

“Having a Crypto Wallet in the browser brings the cash experience to the world of online payments. Paying with the Crypto Wallet is like sending digital cash straight from your phone, and we’ve just made it easier. This opens up new possibilities for merchants and content creators alike.”





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

Bitcoin

Bitcoin prices hit $150 billion market cap for the first time in 2019 as prices pump by 11%

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Bitcoin prices hits $150 billion market cap for the first time in 2019 as prices pump by 11%
Source: Unsplash

Bitcoin’s parabolic rise that started in April seems to be staggering as the increase in price vs. the number of days it took to increase was surprising, considering the prolonged bear market.

The recent pump on May 27 at 23:30 UTC [+5:30] pumped the price from $7.995 to $8,939 in 7 hours with each green candle forming one after another. However, the price reached a peak at 05:30 UTC [+5:30]. After which the price declined by 2.85%.

Source: TradingView

Moreover, at press time, the market cap of Bitcoin has reached a new high, i.e., $154 billion and the price reaching $8,900 is a new all-time high of Bitcoin in 2019. Bitcoin’s total rise YTD was 146% and in a 24-hour time frame, the price of Bitcoin was up by 8.71%.



Meanwhile, altcoins have also followed suit as Ethereum pumped by 7.21%, XRP by 7%, Bitcoin Cash by 9.53%, Litecoin pumped the most in top 10 as it was up by 11.23% in 24-hours. Tron, the eleventh largest cryptocurrency pumped by 13.84%, at press time.

Anthony Pompliano, a well-known Bitcoin enthusiast tweeted:

“Someone check on @nouriel. Bitcoin seems to be coming back with a vengeance ever since he blocked most of Bitcoin Twitter.”





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