Editor's PiCK
[Market Update] Ethereum surpasses ₩5,000,000 in Upbit KRW market…Continued upward trend
Suehyeon Lee
Summary
- Ethereum (ETH) has reportedly surpassed ₩5,000,000 in the Upbit KRW market.
- Ethereum is said to be trading at ₩5,005,000, up 1.79% from the previous day.
- This rally was influenced by President Donald Trump's signing of the GENIUS Act, and Ethereum is being recognized as a top beneficiary in the issuance of stablecoins.
Ethereum (ETH) has maintained its steady rise, breaking through the ₩5,000,000 mark in the Upbit KRW market.
As of 2 PM on the 20th in the Upbit KRW market, Ethereum is trading at ₩5,005,000, up 1.79% from the previous day. On CoinMarketCap, it is trading at $3,656.05, a 1.75% increase from the previous day.
This upward trend in Ethereum is analyzed as being influenced by U.S. President Donald Trump signing the stablecoin legislation known as the GENIUS Act. Currently, Ethereum is the blockchain with the highest volume of stablecoin issuance and has often been cited as a major beneficiary even before the GENIUS Act passed.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
