The second largest cryptocurrency in the market cap, Ethereum surpassed $1700, a record high

The second largest cryptocurrency in the market cap, Ethereum surpassed 00, a record high

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Ethereum, the second-largest cryptocurrency (virtual currency) in market cap (market cap), exceeded $1700 for the first time in history, CNBC of the United States reported on the 6th (local time).

According to CoinDesk, which broadcasts the cryptocurrency market, at 10:30 am (local time) on the 6th, Ethereum soared 11.2% to $1743 from 24 hours ago. This is the first time that Ethereum has surpassed $1700. As a result, Ethereum recorded a market cap of $193.7 billion, further solidifying the position of second place.

Not only Ethereum but also Bitcoin, the number one cryptocurrency in the market cap, rallyed on this day. Bitcoin surpassed $4,000.

Bitcoin reached $45,578, up 6.59% from 24 hours before the same time. This is close to the all-time high of $42,000, which was recorded on the 8th of last month. This brings Bitcoin’s market cap to $733.7 billion.

With both Bitcoin and Ethereum rising, the cryptocurrency market cap both exceeded $1.2 trillion, reaching an all-time high.

This is explained by the fact that Elon Musk Tesla CEO, the idol of cryptocurrency investors around the world, expressed support for cryptocurrency.

Musk’s CEO is listening to the Shiba Inu, the symbol of Dogecoin. -Capture Musk Twitter

Musk’s CEO has consistently expressed support for bitcoin, and is showing off his love for cryptocurrency by tweeting in support of the cryptocurrency Dogecoin four days after he declared that he would stop Twitter.