Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Bitcoin remains some way off highs, Asian crypto traders turn to Ethereum

Ethereum, currently the third largest cryptocurrency, is now worth a combined US$85bn.
ethereum, bitcoin
Ethereum is changing hands above US$900

In these early days of January Bitcoin appears as welcome as December’s cold turkey, but, the price of the Ethereum cryptocurrency is now hitting new highs.

Ethereum reached a new record level above US$900 on Tuesday, trading at around US$914.

It comes amid a reported uptick in trading volumes out of Asia – with notably more transactions out of Singapore, Hong Kong, Japan and South Korea.

Ethereum, currently the third largest cryptocurrency, is now worth a combined US$85bn with nearly 80mln tokens presently in existence.

Bitcoin cryptocurrency, meanwhile, remained someway off recent highs changing hands at around US$13,800, up 2.85% for Tuesday, which gives it a combined market value of just over US$230bn with 16.7mln virtual coins in circulation.

Join our Crypto, Blockchain and Cannabis Telegram group here
View full BLOCK profile View Profile

Cryptocurrency and Blockchain Timeline

Related Articles

Data servers
July 31 2018
The company is expected to list on the main board of the LSE in September
1535732048_universal-mcloud--wind-turbines.jpg
August 31 2018
The tech group is increasingly expanding its geographical reach and gaining traction in China
picture of trading screens
July 12 2018
With an optimistic outlook on future earnings, the company expects to recommend its first dividend in the second half of the current financial year.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use