Ethereum Breaks $1,000 For First Time

Alternative cryptocurrency ethereum broke a fresh record high Thursday.The digital currency broke the $1,000 mark for the first time, edging up to an all-time high of $1,045.08 at about 10:05 a.m. ET, according to data from industry website CoinDesk.It is currently the third-largest cryptocurrency by market value, after being dethroned by another altcoin, Ripple’s XRP, last week. Its market capitalization shot above $100 billion for the first time Thursday, according to Coinmarketcap data.

Source: Ethereum blasts to new high, cracks $1,000 for the first time – CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.