RATE Group | Ethereum Briefly Crosses $700 in Crypto Rally
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Ethereum Briefly Crosses $700 in Crypto Rally

25 Apr Ethereum Briefly Crosses $700 in Crypto Rally

Posted at 21:24h in Ethereum News by

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Following the steady rally in the most popular cryptocurrency, bitcoin, ether appears all set to catch up. (For more, see Bitcoin Crosses $9,000 Again: A Good Sign?)

Ether Surges past $700 Mark

On Tuesday evening ET, the price of ether crossed a major milestone as it topped the $700 mark for the first time since mid-March. The second most valuable cryptocurrency managed to add around $33 billion market cap to its valuation, taking it to nearly $70 billion mark, all thanks to the late evening spike.

Though bitcoin, the most popular cryptocurrency, is losing market share to its peers, it continues to advance further in terms of valuation. It too surged more than 6 percent on Tuesday as it continues to push towards the $10,000 mark. Market analysts believe that the bull run will continue in the short term, and many proponents continue to see stellar returns in the long run. (For more, see Bitcoin Will Hit $250K Within 4 Years: Tim Draper)

Over the past 5 days, the two…

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