Ethereum Hits 1-Day Volume of $7.64 Billion (ETH)

Ethereum (ETH) traded 0.4% lower against the dollar during the 24-hour period ending at 11:00 AM Eastern on February 5th. During the last seven days, Ethereum has traded up 0.2% against the dollar. One Ethereum coin can now be purchased for approximately $2,291.56 or 0.05387209 BTC on exchanges. Ethereum has a total market cap of $275.41 billion and approximately $7.64 billion worth of Ethereum was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed during the last 24 hours:

  • Cardano (ADA) traded 2% lower against the dollar and now trades at $0.49 or 0.00001160 BTC.
  • Avalanche (AVAX) traded 3.1% lower against the dollar and now trades at $34.59 or 0.00081321 BTC.
  • Internet Computer (ICP) traded down 5.3% against the dollar and now trades at $12.19 or 0.00028657 BTC.
  • Uniswap (UNI) traded 0.7% lower against the dollar and now trades at $5.99 or 0.00014085 BTC.
  • Cosmos (ATOM) traded down 0.7% against the dollar and now trades at $9.00 or 0.00021170 BTC.
  • NEAR Protocol (NEAR) traded 1.7% lower against the dollar and now trades at $2.74 or 0.00006435 BTC.
  • Hedera (HBAR) traded 0.1% higher against the dollar and now trades at $0.0695 or 0.00000163 BTC.
  • Cronos (CRO) traded up 0.8% against the dollar and now trades at $0.0813 or 0.00000191 BTC.
  • Algorand (ALGO) traded down 2% against the dollar and now trades at $0.16 or 0.00000373 BTC.
  • Oasis Network (ROSE) traded down 7.4% against the dollar and now trades at $0.11 or 0.00000266 BTC.

About Ethereum

Ethereum (ETH) is a proof-of-stake (PoS) coin that uses the Ethash hashing algorithm. It launched on July 30th, 2015. Ethereum’s total supply is 120,183,226 coins. Ethereum’s official Twitter account is @ethereum and its Facebook page is accessible here. Ethereum’s official website is www.ethereum.org. The official message board for Ethereum is forum.ethereum.org. The Reddit community for Ethereum is https://reddit.com/r/ethereum and the currency’s Github account can be viewed here.

According to CryptoCompare, “Ethereum is a decentralized platform for building smart contracts and decentralized applications. It has its own cryptocurrency, Ether, and enables users to transact and communicate without the need for a central authority. In contrast to Bitcoin, Ethereum is a general purpose blockchain that can be programmed for a wide range of tasks. It can be used for building apps and organizations, holding assets, and facilitating financial transactions while respecting user privacy and avoiding censorship. ETH, the native cryptocurrency of Ethereum, is used to fuel and secure the network, serve as collateral for the creation of other tokens, and support the Ethereum financial system. It has value as a means of paying transaction fees and as a store of value or tool for decentralized finance. ETH has also gained recognition through initial coin offerings.”

Buying and Selling Ethereum

Investors seeking to acquire Ethereum using U.S. dollars directly can do so using Coinbase, GDAX or Gemini.

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