Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Ethereum Beats Mastercard: Explaining ETH’s 20% Price Surge
ALTCOIN NEWS

Ethereum Beats Mastercard: Explaining ETH’s 20% Price Surge

By Crypto FlexsMay 21, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Beats Mastercard: Explaining ETH’s 20% Price Surge
Share
Facebook Twitter LinkedIn Pinterest Email
  • Amid strong buying pressure, the price of Ethereum soared 20%, surpassing Mastercard in market capitalization.
  • The SEC’s move to approve the ETH ETF sparked a market rally.

So far, Ethereum (ETH) has experienced an incredible surge, rising nearly 20% in the past day alone. This impressive increase pushed the price of Ethereum past $3,600, its highest level since April 19th.

Asset size is also trending upward, indicating strong buying pressure in the market. These developments come as Ethereum’s influence and adoption grows and highlights its position as the second-largest cryptocurrency by market capitalization.

Leon Waidmaqnn, a renowned on-chain analyst, said: pointed out Ethereum’s market capitalization has now surpassed that of global payments giant Mastercard, reaching $440 billion compared to Mastercard’s $427 billion.

This change not only reflects Ethereum’s growing prominence, but also signals the broader acceptance and integration of cryptocurrencies into mainstream finance.

Regulatory changes and market dynamics

The recent rise in Ethereum market value follows significant developments in the regulatory environment. The U.S. Securities and Exchange Commission (SEC) showed signs of positive change regarding its approval of applications for a spot Ethereum exchange-traded fund (ETF).

Bloomberg analysts specifically Modified approval probability for Ethereum ETF from 25% to 75%.. The change is based on signs that the SEC is rapidly changing its position, with exchanges being asked to update their 19b-4 filings in preparation for potential approval as early as May 22.

The regulatory pivot appears to be a key driver behind the current bullish momentum in the Ethereum market.

Meanwhile, Ethereum’s circulating supply increased from 119.6 million ETH in mid-April to 119.73 million ETH at press time. data Glassnode suggests that more tokens can be used for trading and transactions.

While this would generally mean increased selling pressure, current market dynamics show that demand remains solid, fueled by current expectations for the approval of an ETH spot ETF.

Source: Glassnode

Market reaction and future outlook

Amid these developments, Ethereum not only surged in price but also saw significant movement in other market indicators.

For example, according to Glassnode, the total value staked in Ethereum increased from 43 million ETH to over 44 million ETH last month.

This increase in staked ETH highlights investor confidence in the long-term value and utility of Ethereum.

Source: Glassnode

However, not all market participants benefit from this rise. coin glass data Over the past 24 hours, more than $10 million has been liquidated from the Ethereum market, with short sellers bearing the brunt of these losses.

This follows the trend of liquidation of short positions of more than $80 million the previous day, indicating that many who had bet on Ethereum were caught off guard by the rapid rise of Ethereum.

Source: Coinglass

Looking at the price chart of Ethereum, it appears that the asset is poised for further gains.


Is your portfolio green? Check out our Ethereum Profit Calculator


It recently broke through a consolidation area and is on the rise, a technical pattern that suggests buyers are firmly in control.

Source: TradingView

This breakthrough, combined with positive regulatory developments and strong market metrics, sets the stage for a likely sustained upward move in the ETH price.

Next: Ethereum Selling Pressure: $3,600 Rally Loses $80 Million!

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Green Hood Contracts Thanksgiving Summary -Ackee Blockchain

September 17, 2025

BetFury Is At SBC Summit Lisbon 2025: Affiliate Growth In Focus

September 17, 2025

FED Mining’s Cloud Mining Platform Is Helping Users Earn $8,800 Per Day, And XRP’s Growth Is Driving Market Enthusiasm.

September 17, 2025
Most Popular

Memecoin Craze Fuels Solana Price Rise What’s next, $180 SOL?

October 18, 2024

Aptos reports record on-chain activity, but skepticism about bot activity remains

September 14, 2024

Bitcoin surpasses $45,000 amid expectations of Spot Bitcoin ETF approval.

January 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.