BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

Ethereum Surpasses $2,000 on BlackRock Ether ETF Hype

by BlockNews.com Team
November 9, 2023
in Breaking News, Crypto, Featured
A A
Ethereum Surpasses $2,000 on BlackRock Ether ETF Hype

#image_title

2
SHARES
Share on TwitterShare on Reddit
  • Ether and Bitcoin prices have jumped to multi-month highs, boosted by optimism around potential regulatory approval of crypto ETFs and rising institutional interest.
  • Ether topped $2,000 for the first time since April, spurred by BlackRock taking steps toward a spot Ether ETF filing. Bitcoin reached an 18-month peak around $37,970.
  • The price increases seem driven by anticipation of SEC approval for Bitcoin and Ethereum ETFs proposed by BlackRock and others, though trading volumes and short liquidations have also pushed crypto prices up.

The prices of major cryptocurrencies like Ethereum and Bitcoin have jumped to their highest levels in months, boosted by optimism around potential regulatory approval of crypto ETFs. Institutional interest seems to be rising at a pivotal time for the crypto industry.

Ether Price Tops $2,000

Ether, the native cryptocurrency of the Ethereum blockchain, surpassed the key $2,000 level on Thursday for the first time since April. This comes after BlackRock took initial steps toward filing for a spot Ether ETF. Ether was trading around $2,047 at its peak, up nearly 8% on the day.

Bitcoin Reaches 18-Month High

Bitcoin, the largest cryptocurrency by market value, climbed as high as $37,970 on Thursday. This is its highest level since May 2022. Bitcoin was trading around $36,500, up about 2% on the day.

Driving Factors

The price jumps seem to be driven by optimism around potential regulatory approval of Bitcoin and Ethereum ETFs. BlackRock registered an Ethereum Trust, signaling plans to file for an Ether ETF. This comes after they filed for a Bitcoin ETF in June. An SEC Bitcoin ETF approval could propel prices higher.

Beyond ETF Hopes

The ETF catalyst aside, short liquidations have also pushed crypto prices higher. With Bitcoin already up over 120% in 2022, other coins are turning bullish again as well. Trading volumes are picking back up across crypto markets.

🚨 NEWS: Ethereum $ETH breaks $2000 for the first time since April 2023.

Many believe this is due to BlackRock's Ethereum ETF application.

Although Ether was already on a 25% rally before today. pic.twitter.com/sKZWtvIIeD

— BlockNews.com (@blocknewsdotcom) November 9, 2023

Ripple Effects

In addition to Ether, other major altcoins like Solana and Polygon have posted strong gains. Crypto equities like Coinbase and Marathon Digital are rising too. Even FTT, the token of the now-shuttered FTX exchange, spiked 45% on revival hopes.

Looking Ahead

While the rally looks promising, it remains to be seen whether it has legs. Crypto markets have desperately sought a positive catalyst in 2022. For now, the ETF developments seem to be providing that boost. But if an actual ETF approval comes, it could spur an even more significant surge.

Tags: BitcoinBlockchaincryptoCrypto ExchangeethereumWeb3
Tweet1ShareShare1

DON'T MISS THESE! HOT OFF THE PRESS

XRP at a Crossroads: Only Two Ways This Can Go
Crypto

XRP at a Crossroads: Only Two Ways This Can Go

June 20, 2025
Polymarket Thinks US Stablecoin Bill Is a Near Lock—But Will It Actually Pass?
Crypto

Polymarket Thinks US Stablecoin Bill Is a Near Lock—But Will It Actually Pass?

June 20, 2025
Semler Plans 105K Bitcoin by 2027 After Vet Crypto Hire
Bitcoin

Semler Plans 105K Bitcoin by 2027 After Vet Crypto Hire

June 19, 2025
SHIB Slides to Two-Month Low as Bears Eye Key Support Level
Crypto

SHIB Slides to Two-Month Low as Bears Eye Key Support Level

June 19, 2025
XRP at a Tipping Point: Breakout or Breakdown?
Crypto

XRP at a Tipping Point: Breakout or Breakdown?

June 19, 2025
Who Will Win the Layer 1 Crypto War? These Are the Chains to Watch Right Now
Cardano

Who Will Win the Layer 1 Crypto War? These Are the Chains to Watch Right Now

June 19, 2025
Load More

Related News

XRP at a Crossroads: Only Two Ways This Can Go

XRP at a Crossroads: Only Two Ways This Can Go

June 20, 2025
Polymarket Thinks US Stablecoin Bill Is a Near Lock—But Will It Actually Pass?

Polymarket Thinks US Stablecoin Bill Is a Near Lock—But Will It Actually Pass?

June 20, 2025
Semler Plans 105K Bitcoin by 2027 After Vet Crypto Hire

Semler Plans 105K Bitcoin by 2027 After Vet Crypto Hire

June 19, 2025
SHIB Slides to Two-Month Low as Bears Eye Key Support Level

SHIB Slides to Two-Month Low as Bears Eye Key Support Level

June 19, 2025
XRP at a Tipping Point: Breakout or Breakdown?

XRP at a Tipping Point: Breakout or Breakdown?

June 19, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.