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HomeBusinessEther hits all-time high of $4,782 as cryptos’ cap breaches $3tn mark

Ether hits all-time high of $4,782 as cryptos’ cap breaches $3tn mark

The cryptocurrency market remained bullish on Monday, with Ether setting all-time high and the market capitalisation gaining 3.9% to reach $3.1 trillion as of 1225 hours GMT.

Bitcoin, the largest cryptocurrency, gained 6.12% to reach $65,916, inching back towards a record high above $66,900 set in October 2020. With this increase in price, the market capitalisation of the biggest cryptocurrency reached $1.241 trillion. Similarly, Ether (ETH), the world’s second-largest digital coin, surged 2.79% to hit a new all-time high of $4,782. The token was trading at a price of $4,735 at the time of filing of this report. With this increase in price, the market capitalisation of ETH reached $555.6 billion.

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Likewise, XRP price increased by 6.21% to reach $1.26. The market capitalisation of XRP stood at $126.1 billion after this increase.

On the other hand, Cardano (ADA) price gained 2.20% to reach $2.04. Its market capitalisation reached $66 billion with the increase.

Following the market mood, Dogecoin (DOGE) edged up by 6.24% to reach $0.279. With this increase in price, the market capitalisation of doge reached $36.7 billion.

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According to experts, the overall crypto market capitalisation crossed $3 trillion as ether hit a new all-time high. They said that over the past five days, there was a consistent drop in gas fees on the Ethereum network. This propelled the altcoin’s price higher, hitting a new all-time high of $4,782.

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