Ether surpasses $2,000 for first time since July as BlackRock registers iShares Ethereum Trust entity in Delaware | Headlines | News | CoinMarketCap
11/10/2023 01:44
Ether's price broke through the $2,000 mark for the first time since July, rallying amidst news that BlackRock appeared to take an initial step in …
Ether's price broke through the $2,000 mark for the first time since July, rallying amidst news that BlackRock appeared to take an initial step in the possible offering of a spot Ethereum ETF with a filing to register a new iShares Ethereum Trust entity in Delaware
Ether's price jumped over 7% on Thursday to $2,040, at 12:15 p.m. ET, according to CoinGecko. Bitcoin also made notable gains, reaching a daily high of $37,925 before falling back in a swathe of long liquidations to $36,311.
Thursday's market uptick is part of a multi-faceted event-led rally, according to analysts at Bitfinex. "We believe that we are in an accumulation phase for the next cycle and the bottom could very well be in place," Bitfinex analysts told The Block.