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In a significant market development, Ethereum (ETH) has surpassed the $4,000 mark for the first time in over ten months, closing the first week of December with a remarkable 40% surge in the weekly time frame. This upswing has been closely tied to a broader rally in the crypto market, particularly with Bitcoin (BTC), which recently reached new <\/span>all-time highs<\/span><\/a>.<\/span><\/p>\n
According <\/span><\/a>to Bloomberg, Ethereum exchange-traded funds (ETFs) in the United States experienced unprecedented demand, recording a daily inflow of $428 million on Thursday alone.\u00a0<\/span><\/p>\n
This surge in investment interest reflects a growing confidence in Ethereum, particularly following Donald Trump\u2019s election victory on November 5, which ignited a bullish sentiment across the <\/span>crypto landscape<\/span><\/a>. Since then, Ethereum has outperformed Bitcoin, boasting a staggering 61% increase in value.<\/span><\/p>\n
The <\/span>appointment <\/span><\/a>of Paul Atkins to lead the Securities and Exchange Commission (SEC) has further bolstered enthusiasm for Ethereum. Atkins, a proponent of pro-crypto regulation and a member of the advisory board for the advocacy group Token Alliance, is seen as a positive force for the crypto industry.\u00a0<\/span><\/p>\n
Nick Forster, founder of the crypto trading platform Derive.xyz, noted, \u201cNow that <\/span>Bitcoin <\/span><\/a>has hit $100,000, it appears that investors are seeking the next opportunity.\u201d\u00a0<\/span><\/p>\n
Additionally, the founders of Glassnode\u2014Yan Allemann, Jan Happel, and Rafael Schutlze-Kraft\u2014have <\/span>pointed <\/span><\/a>to the resilience of altcoins amid Bitcoin\u2019s recent volatility.\u00a0<\/span><\/p>\n
Despite Bitcoin experiencing a 13% dip, altcoins have largely maintained their value, indicating a robust market sentiment. The <\/span>Altcoin Index<\/span><\/a> hitting 100 further confirms that the market is in the midst of an \u201cAltcoin Season,\u201d with expectations for significant moves as the weekend approaches.<\/span><\/p>\n
Analysts have already <\/span>predicted <\/span><\/a>that gains could soon surpass Ethereum\u2019s previous all-time price, setting the stage for a potentially transformative period in the cryptocurrency market.<\/span><\/p>\n
At the time of writing, ETH trades at $3,990.\u00a0<\/span><\/p>\n
Featured image from DALL-E, chart from TradingView.com\u00a0<\/span><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"
Este art\u00edculo tambi\u00e9n est\u00e1 disponible en espa\u00f1ol. In a significant market development, Ethereum (ETH) has surpassed the $4,000 mark for the first time in over ten months, closing the first week of December with a remarkable 40% surge in the weekly time frame. This upswing has been closely tied to a broader rally in the […]<\/p>\n","protected":false},"author":1,"featured_media":32522,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[335],"tags":[168,3777,204,337,2790,2711,13058,700,1004],"class_list":["post-32521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-break","tag-climbs","tag-etf","tag-ethereum","tag-historic","tag-inflows","tag-previous","tag-price","tag-records"],"_links":{"self":[{"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/posts\/32521","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/comments?post=32521"}],"version-history":[{"count":0,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/posts\/32521\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/media\/32522"}],"wp:attachment":[{"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/media?parent=32521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/categories?post=32521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/tags?post=32521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}