Ethereum [ETH] overvoltages of more than 11% in the last 24 hours; cryptocurrency back in $ 100-field

The entire cryptocurrency market has suffered losses since the beginning of the year, immediately after reaching its all-time high. However, the last few weeks have been recorded as worse for cryptocurrencies: the price level has fallen again, with most of the cryptocurrencies traded in mid-2017. This includes Bitcoin [BTC], the largest cryptocurrency by market capitalization, XRP, Ethereum [ETH], Litecoin [LTC]and Monero [XMR].

Ethereum [ETH], the leading smart contract platform, proved to be the most affected by the bear's attack, with the currency that lost its second position by market capitalization in XRP. In addition, cryptocurrency has shocked investors who have made a swing below $ 100, and are trading below that margin for some time.

However, at the beginning of this week, the market has shown signs of bull return, with all the slightly glowing cryptocurrencies in the green. This became more evident after all currencies started to increase by two digits, including Ethereum. This increase led to cryptocurrency trading above the $ 100 margin.

According to CoinMarketCap, at the time of the press, Ethereum was trading at $ 104.66 with a market capitalization of $ 10.87 billion. The currency has a trading volume of $ 2.51 billion and has increased by more than 11% in the last 24 hours. Along with the price, even the market capitalization of cryptocurrency has seen a significant increase. At the beginning of the week, the market capitalization of Ethereum was estimated at ca. $ 8 billion, currently recording an increase of over $ 2 billion.

Chart of Ethereum prices in the last seven days | Source: CoinMarketCap

The highest trading volume for cryptocurrency is represented on OEX, with ETH / BTC trading pairs. The second on the line is OKEx, with the coin paired with Tether [USDT]. The rest of the top five trades include RightBTC, ZBG and Binance.

This happens a few days after the official update on the Ethereum rigid fork in Constantinople. The hard fork is expected for the first quarter of next year, around January 16th. The main developer of Ethereum Foundation, Peter Szilagi, has announced on Twitter that the fixed fork will be at the block number 7080000.

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Priya is a full-time member of the AMBCrypto reporting team. He is a finance specialist with a one-year writing experience. You had no value in Bitcoin or other currencies.