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