Ethereum price rises above $300
The value of the cryptocurrency market plummeted in July, and Ethereum was among the most affected players. From a peak of $400 in mid-June, it went all the way down to the $130s a couple of weeks ago. The second most-valuable cryptocurrency has been slowly regaining lost ground since, however.
Ethereum is nowhere near its peak price yet, unlike Bitcoin, which has managed to go over $3,500 for the first time yesterday, but its recovery is encouraging -- Ethereum traded again above the $300 mark today.
The last time that the price of Ethereum was over $300 was on June 30, when it peaked at around $315, according to historical data from CoinMarketCap. On July 16, it reached its lowest price since May 22 (when it traded for just over $152) -- $133; the daily average was just over $150.
At its peak, Ethereum's market cap was just over $35 billion. Today it stands at $27.7 billion. Still, its lead over the third most-valuable cryptocurrency is huge, with over $20.7 billion separating it and Ripple. Bitcoin Cash, which briefly took Ripple's place on the podium earlier this month, is down to $5.3 billion today, with a trading price of $322.
Bitcoin has lost a bit of its edge since going past $3,500, as the price is now back around $3,300. Its market cap is $54.5 billion, a few billions off the $55.6 billion it was worth yesterday.
The whole cryptocurrency market is valued at $120.26 billion today.