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April 24, 2018

Ethereum (TIKER: ETH/USD.BITFINEX) has surged over 10% Tuesday as the entire cryptocurrency market is is in the bull race again.

The second largest cryptocurrency has gained 10,80% over the past 24 hours and is trading above $700 at press time.

Ethereum has done a great job in terms of recovery with its price as low as $302 in mid-April to reaching more than double of its bottom value.

The surge comes despite reports on popular Ethereum wallet MyEthereWallet hack, which saw nearly $150,000 lost.

The cryptocurrency market is bouncing back from huge losses at the start of the year, with the total market capitalization crossing $432 billion on Tuesday.

By Siranush Ghazanchyan

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