Ethereum is heading for $5 thousand.
Bitcoin has exceeded the level of 66 thousand dollars and is moving towards the record values recorded three weeks ago around the 67 thousand dollars mark. Meanwhile, Ethereum, the second largest digital currency, has already updated historical highs around $4,765 at the beginning of the new trading week. As a result, the market capitalization of ETH has grown to $ 560 billion, and since the beginning of the year, the price has increased by more than 500%.
Meanwhile, the total capitalization of all coins in circulation for the first time exceeded $ 3 trillion
Altcoin is getting more expensive for the third day in a row, being in line with a steady bullish trend since the beginning of October. The ETH rally was pushed by the general fighting mood in the digital currency market, which accelerated the rise after relatively good dynamics over the weekend. A significant contribution to the rise in prices was made by the sharply increased activity of moving coins online to five-year highs.
Recall that last week the CME Group, which earlier this year launched futures trading on the largest altcoin, announced the launch of futures for one tenth of the Ethereum coin. Trading on this instrument will begin on December 6, and the cost of one contract will be 0.1 ETH.
Now, when the altcoin has exceeded the level of $ 4,700 for the first time in history, the attention of players is switching to the psychological mark of $ 5,000, the achievement of which will be another important milestone in the history of Ethereum. However, on the way to this barrier, sales attacks are not excluded in order to fix profits at favorable levels and then enter with purchases at more attractive levels while maintaining a bullish trend.