Ethereum rises more than 1.5% as most major cryptocurrencies rebound

2019-06-12 13:59:57 GMT (Economies.com)
Ethereum rises more than 1.5% as most major cryptocurrencies rebound

Ethereum rose by more than 1.5% in spot trading today, to resume its gains that were temporarily halted yesterday, as this rise comes as most major currencies in the crypto market rebounded, while the world's second-largest cryptocurrency targets breaching the $260 mark. 

 

As of 11:45 GMT, Ethereum is trading around $249.45, up by $3.99, or 1.6%, from the opening of $245.46 , with the highest at $251.22 and the lowest at $243.00.

 

Yesterday, Ethereum lost 0.95%, due to correction and profit-taking after saw a 7% increase in the the previous day which is the highest daily gain since May 19.

 

The total market value of cryptocurrencies rose today by about $4billion to a total of $258 billion, with most major currencies prices on the market rebounding.

 

Most of the major cryptocurrencies in the market have rebounded on hopes that the upcoming Facebook project in the next few days will have potential that will surpass expectations, which will boost investor confidence in the crypto industry.

 

Meanwhile, in a joint statement, G20 finance ministers and central bank governors said "technological innovations, including basic crypto assets, can provide great benefits to the financial system and the global economy."

 

At the same time, "they warned regulatory authorities against risks in the crypto assets, especially those related to investor protection, anti-money laundering and terrorist financing."

 
 
 
  Symbol Last Change Chg.%
1.1102
0.0004
0.0365%
1.2142
-0.0012
0.0959%
17.137
0.032
0.189%
56.085
1.285
2.345%
60.75
0.78
1.30%
1504.670
-7.595
0.502%
 
 
Live Forex Updates