Wed. Aug 10th, 2022

Today, the second largest cryptosset by market capitalization, ethereum (ETH), surpassed its previous all-time high, set in January, as it inches closer to the USD 1,500 level.

Source: Adobe/AA+W

At pixel time (17:07 UTC), ETH trades at almost USD 1,488 and is up by 14% in a day and 12% in a week. The price almost doubled in a month and rallied by more than 710% in a year.

ETH price chart:

Source: coingecko.com

ETH is the second-best performing major cryptoasset today. Cardano (ADA), the 6th largest cryptoasset by market capitalization, leads the game on Tuesday as it jumped by 23% to USD 0.434.

At the same time, bitcoin (BTC) trades at USD 34,876 and is up by 4% in a day and 8% in a week.

As reported, major crypto asset management firm Grayscale reopened its Grayscale Ethereum Trust as it resumed the private placement of its shares. However, yesterday, almost ETH 602 left the trust, per bybt.com data.

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