The second largest cryptocurrency, Ethereum, is approaching a historical price record due to a Weiss Ratings report

Image source: https://www.digitaltrends.com/cool-tech/what-is-ethereum-blockchain-cryptocurrency/

The cryptocurrency is getting more expensive after getting a rating higher than that of bitcoin.

The second largest cryptocurrency, Ethereum, is approaching its historic price record after Weiss rating agency assigned this rating a higher rating than bitcoin.

According to the portal CoinMarketCap, Ethereum rises by 6.2% this morning, up to 1.22 thousand dollars (the historical record is about 1.42 thousand dollars), bitcoin went down by 1.8%, to 11.57 thousand dollars. At the Bitfinex exchange, the cryptocurrency fell in price by 2.6%, to 11.6 thousand dollars. On the stock exchange OKEx, the currency was getting cheaper by 1.6%, to 11.62 thousand. And according to the portal Coindesk, bitcoin was down in price by 2.3%, to 11.42 thousand dollars.

Image Source: https://www.weissratings.com

Independent American rating agency Weiss Ratings assigned Ethereum a rating of "B", while bitcoin received a rating lower - "C +", CNBC reported. The agency attributed the lower estimate of bitcoin to the fact that the largest cryptocurrency is facing network difficulties, which leads to delays and high transaction costs. Bitcoin, the agency's commentary reports, does not have a direct mechanism for the urgent upgrade of its software code.

None of the 74 cryptocurrencies, according to the agency, received the highest rating of "A". The highest of the assigned ratings ("B"), except for Ethereum, received the EOS cryptocurrency, the 9th largest in the cryptocurrency market, the channel reports.

Also, according to the data of CoinMarketCap, Ripple's cryptocurrency rises by 6.8%, to 1.38 dollars, Bitcoin Cash - by 1.6%, to 1.7 thousand dollars. Capitalization of the market is currently $ 584.71 billion. The share of bitcoin is approximately 33% of the whole market of cryptocurrencies, Ethereum - 20%, Ripple - 9%.

Meanwhile, the Japanese currency exchange Coincheck reported payment of compensation to users who suffered after a recent attack on the exchange. On Friday, the exchange stopped trading in cryptocurrencies, except bitcoin, amid media reports on the withdrawal of digital currency users from wallet accounts for several hundred million dollars. Initially, the restrictions applied to the NEM crypto currency. According to the exchange, the attack affected 260 thousand users, they will be paid 523 million NEM - more than 500 million dollars.

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