Ethereum exceeds $ 2,000 mark for the first time in history

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Ethereum, the second largest cryptocurrency in market capitalization, surpassed another milestone by reaching the price of $ 2,000 and a market cap of $ 233 billion.

The bullish race in the crypto market continues in full force, with ETH rising almost 200% since the beginning of the year, when it was trading around $ 720.

Ethereum has been among the best performing crypto assets since the mid-March liquidity crisis in 2020, when it fell below $ 100 while Bitcoin plummeted to $ 4,000.

The cryptocurrency has seen nothing but gains since then, which has resulted in several records broken over the next 11 months.

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The ether entered 2021 at about $ 720. It took less than a month to double its value and break its 2018 record of $ 1,430.

Although these gains seemed impressive in themselves, but ETH was not yet over. The asset only improved its price performance and headed north into unfamiliar territory.

Now, about a month after breaking its previous record, Ethereum has successfully achieved another milestone – $ 2,000 each ether.

Didn’t leave Bitcoin behind

However, when comparing its price with Bitcoin (BTC), ETH has not shown a relevant increase since August 2018, as shown Dice from Coinmarketcap:

Ethereum price chart (ETH) in USD and BTC.
Dollar price (green) vs. Price in BTC (yellow).

What the two main cryptocurrencies did was to leave the USD and other fiat currencies in the dust. At the time of writing this article, 1 US dollar buys just 0.00050 ether or only 0.000018 bitcoin.

With a market cap now hitting the $ 233 billion level, Ethereum is in the top 34 of the world’s largest assets according to AssetDash, surpassing the market cap of major brands such as Nike, Adobe and Coca-Cola.


Thomas Miles

Cryptocurrency is the most recently discovered currency which will be likely at the help of modernization across the next few decades. With a limited control from the government, the crypto market is independent of many features of a sound market as we know it. Thomas brings these stories to us by weaving them into articles of general importance to all those looking at the fluctuations in the market, or new entries. Thomas is also the founder of Bulletin Bits and is an excellent leader. His leadership is the kind that makes him the most knowledgeable and experienced on the team. His wonderful work ethic and attitude are worthy of imitation!

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