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Ethereum Broke Above $200 as the Crypto Market Surges

Yiran Dai

Summary: Ethereum has returned to the $200 zone from the plunge on May 10, when the price dropped to $186. As of the writing, the cryptocurrency is trading at $202, according to Bitpush Market Data.

Ethereum has returned to the $200 zone from the plunge on May 10, when the price dropped to $186. As of the writing, the cryptocurrency is trading at $202, according to Bitpush Market Data.

Since the spike down on May 10, both Ethereum and Bitcoin have been on the rise. The total market cap has increased to $262 billion per CoinMarketCap, which marks the crypto market’s further deviation from the sluggish stock market.

Earlier this week, ErisX launched the first US-based exchange-traded Ether future contracts for institutions and individual investors to deliver futures contracts based on ETH-USD.

By Yiran Dai

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