Ethereum clears $1,000 for the first time

pulse

January 5, 2018 5:27 PM

The cryptocurrency crossed the milestone early Friday morning, but has since fallen back below $1,000.

The market capitalization of the digital currency also broke $100 billion for the first time.
The records follow the release of the cryptocurrency's quarter four roundup.

Ethereum is kicking off 2018 with impressive new milestones.

The red-hot cryptocurrency cleared $1,000 for the first time early Friday morning, according to data from Markets Insider.

The coin, which started 2017 at around $10, has since fallen back below $1,000 and was trading up roughly 2.74% in the last 24 hours, at $974 per token. Ethereum's market capitalization broke through $100 billion on Thursday.

These fresh milestones follow the release of the cryptocurrency's fourth quarter report, which was tweeted out by founder Vitalik Buterin.

pulse