ICYMI: Bitcoin soars more than 10% as it trades above $21,000
Ether was also up roughly 6% over the past 24 hours.Cryptocurrency prices rose across the board on Friday, with bitcoin jumping as much as 10% and ether rising more than 6%.which represents a rise of 9.2% over the past 24 hours. Meanwhile ether is trading above $1,700, up 6.4% in the past day.
The native asset of the Ethereum network is at $1,712, a jump of nearly 7% on the day, ahead of the much anticipated Merge next week. The Ethereum blockchain is moving to a proof of stake consensus mechanism some time between Sept. 10 and Sept. 20. The long-anticipated upgrade spurred traders to take bets on the second largest cryptocurrency by market cap in August. The BlockElsewhere, traditional financial markets are also trending upwards. S&P 500 futures were up 0.78% and the Nasdaq 100 composite was up 1% at the time of writing.
The global crypto market cap also regained the $1 trillion mark on Friday, as it continuously flirts with this level. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Adam Morgan is The Block's markets reporter. He has been based in London for the past year, initially freelancing and working for a start-up there before beginning a fellowship at Business Insider.
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