The Ethereum price reached $2,146, the cryptocurrency renewed its all-time high. The growth of interest is associated with the statement of investors.
The price of Ethereum, the second largest cryptocurrency by capitalization, reached $2,146, thus it renewed its historical maximum. At the time of writing the news, its price was $ 2039.
According to Bloomberg, the growth of interest in Ethereum was influenced by the statement of billionaire Mark Cuban. He stated that his crypto portfolio is 30% Ethereum tokens and 60% Bitcoin. He noted that he started buying Ethereum four years ago and regrets not having done so sooner.
At the end of March, the Visa payment system made the first transaction on the Ethereum blockchain. The company transferred the USDC stablecoin pegged to the US dollar. The giant also announced the release of its own system (API) for the purchase of cryptocurrencies, which will be integrated by banks. However, they did not say if they will use Ethereum on a permanent basis.
In addition, the price increase could be due to the fact that PayPal now allows users to instantly convert their Bitcoin, Litecoin to USD without additional transaction fees. If the merchant does not accept US dollars, PayPal will also convert those dollars to local currency at the standard rate set by PayPal.