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[이데일리 이정훈 기자] Following Bitcoin, Ethereum, the second-largest market capitalization in the virtual asset market, broke a record high. With bitcoin entering its breath, the US government is focusing on Ethereum in anticipation of receiving a massive fiscal stimulus package.
As of 9:12 p.m. on the 19th (local time), the Ethereum price at CoinMarketCap, which averaged the market prices of major exchanges traded in dollars, is maintaining the level of 1414 dollars, up 16% compared to 24 hours ago. The intraday rises to $1432, which is far beyond the previous high of $1,420 recorded in January 2018.
As a result, the market capitalization of Ethereum soared to $162.5 billion. By market cap, it has risen to the level of 23% of the bitcoin market cap.
Even in Bithumb, the leading domestic exchange that trades in Korean won, Ethereum is rising by more than 14% compared to 24 hours ago, recording 1.54 million won. However, the won has risen to 2349,000 won on January 10, 2018, so there is still a long way to reach the highest price.
Ethereum, which surged from $730 at the end of last year to $1,270 in a week at the beginning of the year, has adjusted to the $900 level, but is on the rise again.
With Joe Biden’s administration ahead of its inauguration, finance minister Janet Yellen, who attends the US Congressional personnel hearing on the same day, said, “The US economy could go back to a huge recession.” ) It is known that you must act actively”, and the demand for investment in virtual assets is increasing.
“The active fiscal stimulus caused by the Corona 19 pandemic (a global pandemic) is a positive signal for Bitcoin and altcoins,” said Simus Donnerhugh, vice president of digital asset company Metaco.
In particular, with the recent bitcoin price correction, Ethereum, the representative of altcoins, is enjoying reflected profits, Bloomberg reported.