Ethereum (ETH), the world’s second-largest cryptocurrency by market value, experienced a significant surge on Saturday, surpassing the $3,000 mark. According to data from CoinDesk, this is the highest price ETH has reached since August 2. The price of Ethereum has seen a notable increase of 23.39% this week, marking its biggest gain since May. This surge in price has outperformed Bitcoin’s (BTC) gain of 11.2% by a significant margin.
The total cryptocurrency market capitalization has also seen a substantial increase, rising by 13.5% to reach $2.5 trillion. This surge in Ethereum’s price and the overall market capitalization highlights the growing interest and investment in the cryptocurrency market.
