Ethereum Price Breaks $2,000 Level


On the night of July 14, the quotes of the second largest cryptocurrency by capitalization exceeded $2,000 for the first time since May.

At the time of writing, the price of Ethereum is holding at $2008. Over the past 24 hours, the growth was 7.5%, according to CoinGecko.

Ethereum Price Breaks $2,000 Level
Hourly chart of ETH/USDT on the Binance exchange. Data: Trading View.

Bitcoin has added 3.5% over the past 24 hours, breaking through the $31,000 level. The current price is $31,382.

Ethereum Price Breaks $2,000 Level
Hourly BTC/USDT chart on Binance exchange. Data: Trading View.

Assets from the top 10 by capitalization moved into the “green zone”. The most significant growth over the past day is shown by XRP (66.9%), Cardano (25.4%) and Solana (32.6%).

Ethereum Price Breaks $2,000 Level
Data: CoinGecko.

On July 13, the Court of the Southern District of New York ruled in the case SEC against Ripple, according to which program sales and other distributions of the XRP token do not constitute the offer and implementation of investment contracts.

However, the sale of coins to large industry players violated US securities laws, judge Analisa Torres considered.

Recall that in the framework of the case, the court disclosed documents related to the speech of former SEC employee William Hinman from 2018.

In his old speech, the ex-head of corporate finance at the agency stated that for some reason, Bitcoin and Ethereum are not securities.

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