Ethereum Prices Soar Above $20,000, Then Dip Again

Prices for Ethereum, the world's second-largest cryptocurrency by market capitalization, surged above $20,000 at one point during volatile trading before pulling back slightly.

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The price of QNT has surged over the past seven days. (CoinDesk).
The price of QNT has surged over the past seven days, according to CoinDesk. This increase is likely due to the continued interest in and adoption of blockchain technology.

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  • The payments-focused cryptocurrency XRP surged past its 200-day moving average while the maker (MKR) hit a three-week high in anticipation of the US inflation figure release. While the figure came in higher than expected, it was not enough to inject significant volatility into the markets.
  • The fintech app Eco is set to launch a new service that will allow users to convert their balances from US dollars to USDC, a stablecoin backed by the US dollar. The service will be powered by the digital settlement-service platform Zero Hash, which will custody the stablecoins. The move could make it easier for users to hold and use stablecoins for payments and other transactions.

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