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Ethereum Soars Over 5%, Breaks US$4,200 This Morning
Ethereum, the second largest cryptocurrency by market capitalization in the world, has continued its rally today, rising more than 5% to US$4,332 in trading on Sunday (10/08).
This figure simultaneously drives the ETH rally over the week to 20% from the level of US$3,443. This rally is driven by several institutions that are purchasing ETH in large quantities.
In fact, some of them openly use ETH as a company's strategic reserve, just like Bitcoin.