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BREAKING: Ethereum Rallies Above $4,000 for the First Time

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Mon, 10/05/2021 - 3:48
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BREAKING: Ethereum Rallies Above $4,000 for the First Time
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Ethereum, the largest altcoin, has surpassed the $4,000 level for the first time at 3:12 a.m. UTC on the Bitstamp exchange. 

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Ether is up 463 percent the year-to-date.   

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Earlier today, CME Group's futures contracts tied to Ethereum triggered a "limit up" halt before opening with a $400 gap.    

The Chicago-based futures exchange rolled out the product on Feb. 8 when ETH was trading at $1,750.      

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Bitcoin remains the laggard  

Meanwhile, Bitcoin continues to languish, struggling to hit the $60,000 level. Its market dominance has dropped to just 44.4 percent, according to CoinMarketCap data.    

Other top altcoins (save for Dogecoin) are outperforming Bitcoin as well.     

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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