At around 6:30 am on July 23, Beijing time, in just 10 minutes, the price of the second largest cryptocurrency, ETH (Ethereum), soared from US$245 to US$269, an increase of 9.7%.

This is the highest price of ETH since February. In March of this year, after the new crown epidemic swept the world, the global asset market suffered a major blow, and ETH also experienced a sharp drop, as low as 95 US dollars.

Driven by ETH, mainstream cryptocurrencies such as BTC and BCH have also experienced a wave of growth, which is particularly important after the cryptocurrency market has traded sideways for eleven weeks.

The Ethereum 2.0 mainnet is approaching, and the market is expected to cause a surge?

Of course, there is another voice in the market. They believe that the sudden rise of ETH may be related to the time of the Ethereum 2.0 mainnet. Just yesterday, a developer stated that the final testnet of Ethereum 2.0 will be on August 4th. Launch, and the mainnet may arrive as early as November 4th.

Of course, this news has actually been reported as early as yesterday. It seems that the short-term outbreak of ETH is not so relevant to it.

In addition, it is worth noting that in the early hours of this morning, the Office of the Comptroller of the Currency (OCC) issued an announcement stating that it has allowed Federal Chartered Banks to provide crypto custody services to customers. This is a positive signal, and it has great potential for further market expansion. Meaning.