The Second-Largest Crypto in the World Is Up 65% Over the Past Month. Here Are 5 Catalysts Behind the Surge.
Ethereum is surging amid record inflows and relentless popularity.
Fortunes change quickly in the crypto market. Case in point: Ethereum (ETH 2.63%) has gone from a down year to one of the hottest cryptocurrencies in a matter of weeks. It’s up 65% over the last month at the time of this writing (July 22), far outpacing market leader Bitcoin (BTC -2.12%).
Here’s a look at the catalysts that have led to massive gains for Ethereum — and why it could continue to go even higher.
Image source: Getty Images.
1. Ethereum ETFs are seeing record inflows
The SEC approved the first spot Ethereum ETFs last year, and while they’ve been successful so far, they really started to take off in the last few weeks. Ethereum…
