U.S. markets close in 5 hours 32 minutes
  • S&P 500

    3,684.94
    +29.90 (+0.82%)
     
  • Dow 30

    29,447.51
    +186.70 (+0.64%)
     
  • Nasdaq

    10,933.21
    +130.28 (+1.21%)
     
  • Russell 2000

    1,675.96
    +20.08 (+1.21%)
     
  • Crude Oil

    79.03
    +2.32 (+3.02%)
     
  • Gold

    1,642.50
    +9.10 (+0.56%)
     
  • Silver

    18.65
    +0.17 (+0.89%)
     
  • EUR/USD

    0.9607
    -0.0005 (-0.05%)
     
  • 10-Yr Bond

    3.9700
    +0.0920 (+2.37%)
     
  • GBP/USD

    1.0749
    +0.0065 (+0.61%)
     
  • USD/JPY

    144.8100
    +0.1300 (+0.09%)
     
  • BTC-USD

    20,203.88
    +966.89 (+5.03%)
     
  • CMC Crypto 200

    461.70
    +2.56 (+0.56%)
     
  • FTSE 100

    7,019.12
    -1.83 (-0.03%)
     
  • Nikkei 225

    26,571.87
    +140.32 (+0.53%)
     

Ethereum price breaks US$1,600, Ethereum Classic surges 22%

·1 min read

Ethereum (ETH) hit a high of US$1,610 on Tuesday morning in Asia, before retracing to trade at US$1,521 at press time, according to data from CoinMarketCap.

See related article: Three Arrows, Voyager failures raise questions of who is next in crypto fall from grace

Fast facts

  • The world’s second-largest cryptocurrency by market capitalization was up over 26.6% since Saturday in its surge to “The Merge,” the blockchain’s highly anticipated move to proof of stake, tentatively set for Sept. 19.

  • Ethereum Classic (ETC) was the day’s biggest winner among the top 100 cryptocurrencies at Tuesday morning trading in Asia, gaining 22% over the past day.

  • Bitcoin was trading at US$22,071, up about 3.59% over the past 24 hours, according to CoinMarketCap data, extending a cryptocurrency rally that started on Sunday.

  • Major cryptocurrencies and traditional markets have been battling concerns of rising inflation, a possible recession, uncertainty caused by the war in Ukraine and a growing list of crypto firms lining up for bankruptcy.

See related article: Bitcoin, Ethereum rebound pulls back amid worries of BTC dump from Mt. Gox, Celsius