Ether price breakout to $1,750 sees Ethereum network fees hit all-time high

February 5, 2021February 16, 2021 Jeannine Cruz Bitcoin, BTC, ETH, Ethereum

As Cointelegraph reported, gas fees on the Ethereum network ended up being so high this week that some exchanges were required to stop ETH withdrawals completely. Going to have to equip up on popcorn to see how Ethereum digs its method out of this,” Blockstream designer Grubles commented.According to data from YCharts, the typical ETH cost was $23.27 on Feb. 4, the latest date for which statistics were available.While Bitcoin (BTC) meanwhile simmered below $40,000, macro conditions appeared apt to fuel fresh upside for BTC/USD. Source: Kaiko/ Twitter” Correlation is not causation, however the trend is rather clear: #Bitcoins meteoric price increase (and occasional crashes) correlates carefully with movements of the U.S. Dollar Index (DXY),” information analytics service Kaiko wrote about the phenomenon this week.Title: Ether price breakout to $1,750 sees Ethereum network charges struck all-time highSourced From: cointelegraph.com/news/ether-price-breakout-to-1-750-sees-ethereum-network-fees-hit-all-time-highPublished Date: Fri, 05 Feb 2021 15:16:53 +0000

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Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.