RATE Group | Ether {ETC} Goes Up, Breaks $230 Barrier
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Ether {ETC} Goes Up, Breaks $230 Barrier

05 Aug Ether {ETC} Goes Up, Breaks $230 Barrier

Posted at 11:08h in Ethereum News by

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Ethereum’s Ether is going green, having risen in value to $231.47, gaining 5.53% in the past 24 hours.

It is following the trends of most cryptocurrencies in the market, which have all seen significant gains in the past few days. Bitcoin (BTC) itself has gone up to $11,736.37, after significant losses in the latter half of last month when its value dropped to below $10,000. In fact, the entire market suffered from dropping prices.

Ethereum seems to be riding the high on Bitcoin’s coattails along with other altcoins. It seems that the rapid increase in valuation in the past 24 hours has been due to escalating tensions between China and the USA, and massive unrest in Hong Kong.

Earlier today, the yuan fell below 7 per dollar for the first time in 11 years. The historic fall in the value of the Chinese currency has been caused by the escalation of the US-China trade war. On Friday, President Trump announced his plans to impose further tariffs of 10% on hundreds of billions…

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