Value of cryptocurrency Ethereum exceeds $500 for the first time since July 2018

Cryptocurrency markets witnessed a surge after US Securities and Exchange Commission (SEC) approved the first public Ethereum (ETH)-based investment product. The upward trend is also a likely benefit from evolving upward valuation of Bitcoin. Ethereum was launched in 2015 and is currently second largest cryptocurrency. Current surge caused ETH to surpass the previous high-mark from July 2018.

Value of cryptocurrency Ethereum exceeds $500 for the first time since July 2018

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