Crypto Prices Today: Ethereum overtook Bitcoin, gained 8%, know how many thousands of ETH did Erik Voorhees buy?

Crypto Prices Today: The cryptocurrency market is again seeing a boom today. Ethereum has given a tough competition to the world’s largest cryptocurrency in terms of returns. The price of Ethereum has increased by approximately 8% in the last 24 hours. Meanwhile, an increase of about 3.64% was recorded in the price of Bitcoin. This rise in Ethereum, the world’s second largest cryptocurrency, came when experienced crypto investor Erik Voorhees bought 25,000 ETH.

$56.5 million purchase

On-chain analysts have reportedly claimed that ShapeShift founder and veteran crypto investor Erik Voorhees purchased approximately 25,000 ETH, worth approximately $56.5 million.

Apart from this, there has also been a rise in the crypto market due to increase in ETF inflow (investment flow). The entire crypto market recorded a rise of 4.05%, taking its total market capitalization to $2.57 trillion.

Bitcoin, Ethereum and Solana prices

Bitcoin price has crossed the $75,000 level after rising by 3.64% in the last 24 hours. For quite some time, Bitcoin was struggling to climb above $70,000. However, the effect of the increasing inflows seen in the last few days is now clearly visible in the market.

• The price of Ethereum also increased by about 8% in the last 24 hours, taking its price to $2,529.85.
• In the last 24 hours, the price of Solana has increased by almost 3%, bringing the price of this cryptocurrency to $94.27.
• The price of Dogecoin registered an increase of 1.69% in a single day, taking the price of this currency to $0.1023.

Today, the combined effect of strong ETF investment and technical momentum can be clearly seen in the crypto market. The price of Bitcoin going above $75,000 is a sign of a bullish trend in the crypto market in the near future.