RATE Group | Ethereum Prices Could Reach $2,500 This Year, According to Financial Consulting Firm
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Ethereum Prices Could Reach $2,500 This Year, According to Financial Consulting Firm

Ethereum Prices Could Reach $2,500 This Year, According to Financial Consulting Firm

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Bitcoin and the major altcoins extended their recovery on Saturday, as the cryptocurrency market approached multi-month highs on improved investor sentiment.

Cryptocurrency Market Extends Rally

Cryptocurrencies added more than $17 billion in market cap on Saturday, bringing their total value to $430.8 billion. That’s roughly $7 billion shy of the Tuesday peak.

Bitcoin prices peaked at $9,423, their highest since Tuesday. At the time of writing, BTC/USD was trading at $9,270 for a gain of 3.2% and a market cap of $158 billion.

Despite the gain, bitcoin’s share of the total market drifted lower to 37.1%. The cryptocurrency accounted for more than 45% of the total market at the start of April.

Altcoins added more than $9 billion to their market cap on Saturday, with Cardano and EOS leading the rally. Each currency posted double-digit gains, with Cardano overtaking Litecoin in market cap.

EOS gained 12.5% to $19.02. Cardano jumped 13.7% to $0.342.

Ethereum rose…

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