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Ethereum Surges Over 20% to $3,700, Hits Record $70.7B Market Cap Gain

May 21, 2024, 01:20 AM

Ethereum (ETH) experienced a significant surge, increasing by over 20% in a single day. The cryptocurrency's price rose above $3,700, marking its largest single-day gain in history. This increase added $70.7 billion to its market cap, the highest one-day market cap gain ever recorded for Ethereum. The price of ETH increased by more than $590 in the past 24 hours, reflecting a strong bullish trend in the market. Earlier, ETH was above $3,300 and had increased by 19% in the last 10 days.