When it comes to cryptocurrency, there are a lot of things that can affect the price. Today, we’re going to take a look at what caused Ethereum to spike today.
One of the biggest reasons why Ethereum spiked today was due to the news that Coinbase was going to list Ethereum on their exchange. This is a big deal because Coinbase is one of the most popular exchanges in the world.
This news caused a lot of people to buy Ethereum, which in turn caused the price to go up.
Another reason why Ethereum spiked today was because of the news that Microsoft is now accepting Ethereum as a payment method. This is another big deal because Microsoft is a very large company.
This news caused even more people to buy Ethereum, which caused the price to go up even more.
The last reason why Ethereum spiked today was due to the news that the Chinese government is now starting to test out Ethereum’s blockchain technology. This is a big deal because China is a very important country when it comes to cryptocurrency.
All of these factors combined are what caused Ethereum to spike today. It’s important to remember that the price of cryptocurrency can be very volatile, so it’s always important to do your own research before investing.