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Bitcoin, Ether Prices Surge to Fresh All-Time Highs
The top two cryptocurrencies by market capitalization have continued their respective rallies, setting fresh record highs today.
Updated Sep 14, 2021, 1:55 p.m. Published Nov 25, 2017, 10:30 a.m.
The top two cryptocurrencies by market capitalization, bitcoin and ether, have continued their respective rallies, setting fresh record highs today.
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Soon before press time, the price of 1 BTC had set a new record of $8,470.73.
Having traded more or less sideways since Monday, prices started to lift at 07:00 UTC, setting the new all-time high at 09:43, according to CoinDesk's Bitcoin Price Index.
Bitcoin started the session today at $8,201, and is up 2.85 percent for the session. According to CoinMarketCap, bitcoin has risen 11.97 percent over 24 hours, and 39.25 percent for the week.
The sharp gains come as the combined market capitalization for all cryptocurrencies also peaks at new highs – currently standing at $267.6 billion. Bitcoin's market cap is now over $141 billion.
Elsewhere in the cryptocurrency markets, ether also continues to set new highs.
The native token of the ethereum project soared to $485.19 around 01:30 UTC this morning. Currently the token stands at $464, up 12 percent for the day and 39 percent for the last 7 days, also according to CoinMarketCap data.
Balloons image via Shutterstock
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- 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.
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