Ethereum reaches new all time highs and surpasses Bitcoin transactions
Ethereum took of this morning as it hit a new all time high of 420$ in anticipation for upcoming blockchain conferences. Enterprise Ethereum Alliance (EEA) is also expected to announce new members to participate in the development of the Ethereum blockchain. The Bancor ICO managed to raise 400 000 Ether. This equals almost 0.5% of all Ether in circulation today and trade is likely to open up soon for anyone who was not able to participate in the ICO.
Ethereum has passed Bitcoin both in terms of $ volume and the amount of transactions the last couple of days. Ethereum is also rapidly gaining market share of the total cryptocurrency market and we can expect to see Bitcoins market capitalization being surpassed soon.
Bitcoin takes a dive and brings the rest of the market with it
Bitcoin took a beating after reaching all time high levels of 3000$ yesterday. In the evening it flashcrashed almost 20% and brought most other currencies with it. Ethereum dropped all the way down to 320$ before reboundning 360$. The rest of the market saw a similar drop. At this time, most currencies appear to still be bound to the value of Bitcoin. Once Ethereum passes Bitcoins market capitalization, this might change as we see Ethereum become the new safe haven of cryptocurrencies.