[BeyondCC Daily Update] - 27 April 2020
The top cryptocurrency by market value rose to $7,800 early on Monday to hit its highest level since March 12 – dubbed "Black Thursday" – when prices fell from $7,950 to $4,700 as the coronavirus pandemic crashed most markets.Ether Futures Activity Grows Ahead of July Protocol Upgrade
Long positions in Bitfinex ether perpetual futures are also soaring ahead of the Ethereum upgrade. Those contracts began noticeably climbing starting in mid-March, just after the price of ether crashed to a little above $100.Market Wrap: Ether Up 50% in 2020, Hits $200 on Sunday
On Jan. 1, 2020, ether's price was $129.89, according to CoinDesk data. On April 27, ether was changing hands at around $192.25, not far off the $200.00 level hit on retail exchanges like Coinbase over the past weekend. “Really interesting to see ETH hitting the $200 resistance level a few times and breaking through,” said Jack Tan, founding partner at Taiwan crypto trading firm Kronos Research.