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Ethereum’s Ether Cryptocurrency Sets New All-Time Price High Above $1,450

Ether has outpaced bitcoin on a year-to-date basis.

Updated Sep 14, 2021, 11:00 a.m. Published Jan 25, 2021, 12:39 a.m.
Ethereum 2.0's Beacon Chain went live in December.
Ethereum 2.0's Beacon Chain went live in December.

The price of ether (ETH), the native cryptocurrency of the Ethereum blockchain network, soared to record levels on Sunday.

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  • Prices hit $1,454.32 – topping the previous all-time high of $1,439.33 set only last week – before settling back to $1,447.77, up more than 17% in the last 24 hours.
  • While ETH has trailed its larger cryptocurrency sibling, bitcoin (BTC), in its journey to new lifetime highs, it has outpaced the top cryptocurrency on a year-to-date basis with an 88% increase. BTC has risen 10.98% so far this year.

Read more: Ethereum 2.0 Beacon Chain Goes Live as ‘World Computer’ Begins Long-Awaited Overhaul

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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

Solana CME futures first-day activity compared to BTC and ETH debuts. (CME/K33 Research)

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.

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  • Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
  • Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
  • Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.