Ethereum’s native token was up by around 6.3% on Thursday afternoon, as its price rose above $1,700.
The coin was trading at around $1,720 at the time of publication, according to TradingView.
Just yesterday, the network’s developers announced that the Goerli testnet merger will happen early next month, starting with Bellatrix, the Prater upgrade “readying it for The Merge.”
Ether hit a peak of around $4,800 in November of last year. Although its value has decreased significantly since, it has also risen by about 57% just in the past two weeks.
The Lido DAO token — part of the protocol that lets users earn a yield on staked tokens like ether — was up by roughly 24.5%.
Cryptocurrencies in general jumped on Thursday by around 4.2%, with the crypto market cap reaching $1.08 trillion at one point.
Bitcoin prices went up by 4.3%, with the coin temporarily rising above $24,000.
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Catarina is a reporter for The Block based in New York City. Before joining the team, she covered local news at Patch.com and at the New York Daily News. She started her career in Lisbon, Portugal, where she worked for publications such as Público and Sábado. She graduated from NYU with a MA in Journalism. Feel free to email any comments or tips to [email protected] or to reach out on Twitter (@catarinalsm).
Source: https://www.theblock.co/post/160114/ether-pushes-past-1700-as-general-crypto-market-goes-up?utm_source=rss&utm_medium=rss