The price of Ether, the second largest cryptocurrency in the market by capitalization, has surpassed the psychological barrier of $1,000 for the first time since 2018.
In particular, the asset developed by Vitalik Buterin exceeded $1,000 last night a few hours after surpassing several previous highs ($800 and $900).
It looks like BTC, which is grabbing all the headlines after exceeding $34,000 for the first time in its history, is not the only crypto that is experiencing spectacular growth.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
At the moment, the price of Ether is $964.93 after adding 17.67% over the past 24 hours. As far as its market capitalization is concerned, it is above $111B. The weekly growth of the currency is 33.34%.
Last month CME Group announced it plans to launch an ETH futures product on February 8 once it receives approval from the regulators.
The growth of the currency could be driven by this news as well as by the increased institutional interest in the asset.
If you are looking for a crypto trading platform to trade your assets, visit Gozo.pro, a safe and reliable exchange.