Ethereum reached a new high this morning at $2,441, a 9.4% increase in the past 24 hours. The performance of Layer2 concept coins is also impressive, with OP and ARB both experiencing nearly a 20% increase.
(Previous summary: Ethereum Layer2 Strong Performance – OP Hits New High of $3.5; ARB Surges Over 15%, Smart Money Whale Buys 2.91 Million Coins)
(Background supplement: Solana can be used as Ethereum Layer2! Founder claims EVM compatibility after shard upgrade)
Table of Contents:
Rise of Layer2 Tokens
Bitcoin Approaching $24,000
Largest Liquidation Amount for ETH in the Past 24 Hours
With the progress of the Ethereum Cancun upgrade, which provides fuel for the rise of ETH, Ethereum spot prices reached a new high this morning at around 08:45, hitting $2,441, a 9.4% increase in the past 24 hours.
(Image: ETH Spot Price | Source: Binance)
Under the leadership of Ethereum, the performance of Layer2 concept coins is even more impressive:
OP broke through $4, reaching a historic new high with an 18.7% increase in the past 24 hours.
IMX is currently priced at $2.49, with a 5.6% increase in the past 24 hours.
ARB is currently priced at $1.58, with a 19.7% increase in the past 24 hours.
MNT is currently priced at $0.638, with a 9.4% increase in the past 24 hours.
METIS is currently priced at $92.23, with a 12.4% increase in the past 24 hours.
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As for Bitcoin, BTC has been steadily rising since yesterday noon, reaching a high of $43,787 at 08:30, a 2.68% increase in the past 24 hours. However, compared to Ethereum, Bitcoin’s increase is relatively weaker.
(Image)
The surge in Ethereum has also resulted in many short positions being liquidated. According to Coinglass data, the total amount of liquidated positions in the cryptocurrency market in the past 24 hours has exceeded $170 million, with over 59,000 investors being liquidated. Among them, ETH ranked first with $54.51 million, followed by Bitcoin with $29.76 million.
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