Ethereum rises to $980
Today, January 3, 2021, the second most important cryptocurrency rose above $900. This figure was achieved against the backdrop of a powerful leap in Bitcoin. In the ETH/BTC currency pair, the coin grew from 0.023 to 0.029 BTC
The reason for the growth of cryptocurrency is the significant interest in bitcoin. Previously, BTC was supported by news from DeFi and other ethereum projects. For example, the launch of Ethereum futures on CME.
But now that bitcoin is showing a rise in price, it itself has become a support for altcoins. This will make it easier for institutional investors to enter the ETH market. Especially if they want to bet on the growth of the crypto economy.