For the first time in weeks, the cryptocurrency market saw positive growth, with a market cap value increase of more than $60 billion in the last 24 hours.
According to statistics from CoinMarketCap, Ethereum (ETH) saw over $25 billion flood into its market capitalization in less than 24 hours, rising from $164.42 billion on October 25 to $185.06 billion on October 26.
Furthermore, the decentralized finance (DeFi) coin rose from $1,347 to $1,517, breaking above the critical $1,500 price threshold, up 14.58% on the day and 16.65% over the previous week.
Ethereum is also the most trending cryptocurrency on the CoinMarketCap platform as a result of its recent surge,
According to CoinMarketCap, Ethereum is currently trading at $1,531.98 with a 24-hour trading volume of $38,618,200,432.