Ethereum has proven to be a worthy second place holder in the crypto market as it keeps moving and breaking new grounds, even when Bitcoin is resting from the leap that took it to the $40k mark.
The trading volume and the market capitalization of Ethereum reached $37 billion and $15 billion respectively on Tuesday.
The current price of bitcoin is $34,638.85, dropping by 6.39% in the last 24 hours. Bitcoin has a current market cap of $644.46B and market volume of $51.51B. In the last 24 hours, bitcoin has dropped to $34,006.69 and experienced a $37,876.16 high. Currently, 18,605,625 bitcoins are in circulation.
Stats and Image from Coin Desk
According to data by Glassnode, the number of addresses holding Ethereum has exceeded 10 million, and the number keeps increasing.
Still in the news, the total open interest on Ethereum futures market has also reached an all-time high of over 4.5 billion, with over $25 billion worth of crypto assets locked into DeFi applications built on Ethereum.
Open interest is the total number of outstanding derivative contracts, such as options or futures that have not been settled for an asset.
Futures are a form of derivatives where parties enter a contract to sell or buy an asset at a specific price and date. The contract must be settled upon reaching the agreed date and time.