The price of Ether(ETH) breakout to a new all-time price increase at $1,555 on the 2nd of February as increased activity in the derivatives market showed clear signals that traders were bullish on the long-term prospects of the largest altcoin by market capitalization.
Bitcoin price also saw a bullish breakout as it finally crossed above the $35,000 resistance and currently trades for $36,700
Circle’s USD Coin (USDC) has now been integrated with the Stellar blockchain, enabling the stablecoin to be transacted on the Stellar network and possibly take some of the strain of the clogged Ethereum network.
Data from Glassnode shows USDC transaction volume on Ethereum has steadily been increasing over the past year as the Coinbase backed coin steadily gains ground on Tether (USDT). Utilizing Stellar blockchain will greatly reduce USDC transaction fees and free up space on the Ethereum network.
