What happened: On Monday a total of 4,597.61 Ether (CRYPTO: ETH) worth $10,087,987, based on the current value of Ethereum at time of publication ($2,194.18), was burned from Ethereum transactions.
The U.S. stock market saw modest gains in a session characterized by low trading volumes following the Christmas holiday. The S&P 500 Index gained 0.3% during midday trading in New York, eyeing its all-time highs, which are 1% above the current levels.