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$413: Ether Prices Within a Whisker of All-Time High
The price of ether, ethereum's native token, has brushed all-time highs above $400 – falling just a dollar short of June's record.
Updated Dec 12, 2022, 12:54 p.m. Published Nov 23, 2017, 3:32 p.m.
Update: Ether hit a new all-time price high of $414.90 at around 15:48 UTC today.
The price of ether, ethereum's native token, is closing in on record highs above $400.
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Soon before press time, the world's second largest cryptocurrency by market capitalization had hit $413 – a whisker short of ether's all-time high of just over $414 set in mid-June.
As per CoinMarketCap, the ether-U.S. dollar (ETH/USD) exchange rate has appreciated by 12.61 percent in the last 24 hours. Week-on-week, ETH is up 24 percent, while on a monthly basis, it is up 43.33 percent.
As detailed in CoinDesk's previous update, it looks as though ETH is still celebrating reports of upcoming access to its own regulated derivatives market.
Meanwhile, comments on social media indicate investors are busy assessing the impact of the surge in transaction volume in the last 24 hours. Ethereum is reportedly processing more transactions a day than all other cryptocurrencies combined.
And, of course, it can't be hurting that billionaire Mike Novogratz commented yesterday that ether could hit $500 by the end of the year.
Cathttps://www.shutterstock.com/image-photo/red-cat-looking-sitting-on-wooden-385126291?src=OHV2Pcee8JfEZ309Zqb7KA-3-69 image via Shutterstock
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Exchange Review - March 2025
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.
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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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- 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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