Here are some of the main reasons why $ETH jumped to $1,400. santimentfeed
The second reason is that Ethereum followed Bitcoin in its rise. On Jan. 11, the flagship cryptocurrency surged above the $18,000 level for the first time in a month.
As a reminder, at the start of November, Bitcoin was trading above the $21,000 level. However, a sudden crash of the FTX crypto giant and its pocket trading firm Alameda Research sent waves of shock through the crypto market. Bitcoin plunged to $15,883 and has been trading mainly in the $16,800 range since then.DOGE co-founder sells bunch of ETH
As covered by U.Today earlier, one of the two co-founders of DOGE meme token announced that he had sold"a bunch of ETH" at the $1,190 price mark. Billy Markus, the co-founder, also known on Twitter as Shibetoshi Nakamoto in honor of the mysterious Bitcoin creator, explained this sale, saying that he had to pay taxes for 2022.At the time of this writing, Ethereum is sitting at $1,398 per coin, showing a nearly 5% rise in the past 24 hours.
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