ETH Pushes Past $3,000 For The First Time Since April 2022

The two most valuable cryptocurrencies briefly surged to new local highs on Feb. 20 before reversing sharply lower.

Ether last changed hands for $3,025, its highest level in 22 months.

Bitcoin surged to a local high of $52,900 earlier this morning but has since reversed sharply and trades 1% lower on the day. Major altcoins like LINK, SOL and AVAX dropped more than 5%.

Starknet’s long-awaited STRK token debuted today at an eye-popping fully diluted valuation north of $30 billion, making its controversial airdrop the largest in crypto history at over $2.1 billion. Arbitrum held the previous record of $1.7 billion.

After opening above $3, STRK is trending lower as more airdrop recipients claim their tokens.

Meanwhile, Worldcoin is down 13% in the past 24 hours after hitting an all-time high of $7.95 yesterday.