Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Ethereum Surpasses Bitcoin With Over $21 Billion a Day in Value

Published 01/16/2023, 10:00 AM
Updated 01/16/2023, 10:30 AM
Ethereum Surpasses Bitcoin With Over $21 Billion a Day in Value

  • Ethereum settles over $21 billion a day in value.

  • This figure is comparatively way higher than the $2.6 billion in value of BTC.

  • The data was shared by Twitter user Crypto Maxi.

According to the latest data, Ethereum has settled at over $21 billion a day in value, whereas Bitcoin only managed to settle over $2.6 billion. The data was shared by a Twitter user named Crypto Maxi, who shared the tweet with the caption, “You tell me where the future lies.”

The tweet generally shows the user’s belief in Ethereum as a more potential coin than Bitcoin and other altcoins. However, some of the users considered this to be a pointless comparison as ETH is used as gas for dApps. The user also mentioned that BTC and ETH are fundamentally different, questioning his real point with the comparison.

The cryptocurrency market has been on a rally for the past three days, with major coins displaying double-digit gains over the past few days. Bitcoin, which was trading in the $16,000 range, spiked in value and surpassed the $21,000 price for a brief time. BTC is trading at $20,810 at press time, with a 20.99% gain in value over the last seven days.

Ethereum is no exception, as it gained 17.66% over the last seven days and is trading at $1540 at press time. Ethereum touched a high of $1579 from a low of $1160 before falling to its current price. Solana displayed a 45.5% gain in value over the last seven days. Decentraland is another altcoin with a 70% gain in value over the last seven days.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

2022 was a tumultuous year for the cryptocurrency market, with plummeting prices and the breakdown of cryptocurrency behemoths. However, 2023 began on a positive note, but it is still unclear whether this is a short-lived rally or the beginning of a bullish market.

The post Ethereum Surpasses Bitcoin With Over $21 Billion a Day in Value appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.