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October 4, 2022
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Ether at $ 2000, BTC market worth one trillion USD –

The past week in the world of cryptocurrencies was one of those that will certainly go down in the history of financial markets. Ether broke another psychological barrier on the chart, and the BTC capitalization reached a level that the most persistent breeders did not dream of even a few years ago.

Ether at $ 2,000

Ether persistently continues its march to new highs on the chart. Currently, $ 2018 has to be paid for 1 ETH. That’s 5 percent. more than 24 hours earlier and 13 percent more than a week ago.

According to analyst Michael van de Poppe, breaking 2,000 USD opened the way for the cryptocurrency to even 17,500 USD. Other experts believe that ETH will follow Bitcoin’s path and mimic the moves of the king of cryptocurrencies, but with a delay of several years. This would suggest that during the current boom, the price will even reach over USD 10,000, and in the event of another bubble, to the current levels of Bitcoin. Of course, however, it is too early to verify this view.

Proponents of such a “bullish” ETH theory of growth base their visions on Metcalf’s Law, which states that “The usefulness of a telecommunications network or other ICT system grows proportionally to the square of the number of devices connected to it.” In other words, as the number of Ethereum network applications and users increases, the value of ETH can grow significantly.

Bitcoin with a capitalization of a trillion dollars

It’s not everything. Yesterday the BTC market capitalization exceeded the value of one trillion USD. So it happened what the most persistent breeders dreamed of.

At the same time, BTC already costs about $ 57,000, or nearly 20 percent. more than 7 days ago and 8 percent. more than yesterday.

Current Bitcoin rate and other cryptocurrencies, you can always check the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will learn how to efficiently create one: LINK.

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