The price of the main cryptocurrency rose 2.2% to $25,031. This is the highest level since June 13. Shortly thereafter, the rate dropped to $24,750. Ether also rose 2% to $2,030.50, surpassing $2,000 for the first time since May 31.
Cryptocurrency is going through tough times as the Federal Reserve raises rates to combat high inflation. At the same time, bitcoin, ether, and other token prices fell more than 50%.
Source: Ferra
