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Ethereum updated the maximum on news about the launch of digital bonds

April, 28 2021
watermark Economic news

Ethereum, the world's second-largest cryptocurrency by market capitalization, reached a new peak on Wednesday amid news that the European Investment Bank (EIB) is launching digital bond sales on the Ethereum blockchain. As a result, Ethereum hit an all-time high of $2,725, up 5.5%.


Yesterday it was revealed that the EIB plans to issue a two-year digital bond worth €100 million, with Goldman Sachs, Banco Santander and Societe Generale leading the sale.


Experts note that the news of the EIB's digital bond issue prompted institutional investors to buy the token. They also noted a decrease in the supply of Ethereum in the market, which led to an increase in its price.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.