ETH - Ethereum Continues to Roll Holding Above $2000 This Weekend
2023-11-20 13:26:31 ET
Among the most-watched cryptocurrencies in the market, Ethereum 's (CRYPTO: ETH) rise and fall over any given time period can influence the whole market. It's the second-largest digital asset by market capitalization, so its price swings over a given time frame have an outsized impact on the market overall.
For this reason, Ethereum's increase over this past weekend has stoked surging interest in the crypto sector. Ether has surged 5% since 4 p.m. ET on Friday (as of 12:30 p.m. ET today), holding steady above the key psychological level of $2,000 per token.
Geopolitical concerns, which are driving uncertainty in the markets, in combination with a falling U.S. dollar have some investors looking to alternative assets such as crypto to safeguard their wealth. Unsurprisingly, Ethereum remains a top option for investors looking to combat currency-related risks from a ballooning U.S. budget deficit.
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Ethereum Continues to Roll, Holding Above $2,000 This Weekend