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Over $900: Ether Starts 2018 at All-Time Price High
The native token of the ethereum platform, ether, hit an all-time high of over $900 this morning.
Updated Sep 13, 2021, 7:19 a.m. Published Jan 2, 2018, 12:45 p.m.
The native token of the ethereum platform, ether, has started the new year with a bang, hitting an all-time high of over $900 this morning.
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Having traded more or less sideways for the last week, prices for the third largest cryptocurrency by market valuation started to climb around midnight (UTC), and topped out at the fresh high of $914.83 at 02:30 UTC, according to CoinDesk's Ethereum Price Index.
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Going by CoinMarketCap data, ether has risen 14.52 percent in the last 24 hours, and 13.62 percent over the last week.
The price gains come amid increased trading volumes, particularly in Asia, with Coinbene (Singapore), Binance (Hong Kong/Japan) and Bithumb (South Korea) all posting notable increases in the last 24 hours.
Ether's market capitalization now stands at almost $85 billion, with a circulation of 79 million tokens.
The news comes as the wider cryptocurrency market is generally seeing positive moves.
Most of the top 20 digital currencies are in the green today, and the market cap for all cryptocurrencies is closing on a new record, standing at $645 billion at press time.
Korean fireworks image via Shutterstock
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CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
What to know:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
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What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
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