Thursday, September 23, 2021
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Ether gains dwarf Bitcoin




Bitcoin and ether representation

After Bitcoin, ether is number two in the crypto world – measured by market capitalization.

(Photo: Reuters)

Frankfurt This development should please crypto investors: The trend in digital currencies is up again. According to data from the analysis company Coinmarketcap, Bitcoin, the oldest and largest cryptocurrency by market capitalization, was trading at around $ 42,700 on Friday evening, almost ten percent above last Friday’s level when the price was around $ 39,000.




The development of Bitcoin was even surpassed by Ether. The cryptocurrency on the Ethereum blockchain was trading at $ 2,840 on Friday evening. Compared to the previous week’s level of around $ 2,340, that’s a gain of 20 percent.

One of the reasons for the development at Ether was the activation of a highly anticipated software update on Thursday. The so-called “London upgrade” will, among other things, accelerate the processing of transactions, explains analyst Timo Emden from Emden Research. In addition, it is also reducing the number of new digital coins.

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Hasan Sheikh
Hasan, who loves technology and games, is studying Computer Engineering at Delhi JNU. He has been writing technology news since 2016.
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