On November 20, the ethereum rate overcame the $500 mark for the first time in two and a half years.The day before, miners also noted the increase of hashrate in the cryptocurrency network to a historic high.
The last time the price of ETH was at such a high level was in June 2020.Despite a slight daily gain of 5.2%, the breakthrough of the psychological barrier by the leading altcoin encouraged traders and investors.At the time of publication, the token is trading at $516.
Since the beginning of the year, the price of ether has increased almost 4 times, rising from $130.During the same time, the bitcoin ratehas grown by 2.5 times and is now a few steps away fromall-time high.
Positive price dynamics the day before attracted the attention of miners, who connected to the network new computing power, increasing the hashrateto a record 256 th/s.
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