Ether Cryptocurrency Price Rises to New Record High at Over $3,600 as Investors Divert Focus From Bitcoin
Ether Cryptocurrency Price Rises to New Record High at Over $3,600 as Investors Divert Focus From Bitcoin
Ether is up more than 385 percent this year, compared with 96 percent for Bitcoin. By Reuters | Updated: 7 May 2021 11:17 IST
Photo Credit: Reuters
Highlights
The cryptocurrency token is traded over the Ethereum blockchain
Ether topped $3,000 for the first time on Monday
Ether, the world s second-largest cryptocurrency after Bitcoin, on Thursday extended a breakaway rally to a new record high of $3,616.10 (roughly Rs. 2,66,400), gathering momentum as investors diverted focus from its main rival.
Bitcoin was down 0.3% at $57,353.03
Ether, the token traded over the ethereum blockchain, topped $3,000 for the first time on Monday.
Ether, the world`s second-largest cryptocurrency after bitcoin, on Thursday extended a breakaway rally to a new record high of $3,616.10, gathering momentum as investors diverted focus from its main rival.
On the Bitstamp Exchange ether was last up about 4.0% at $3,568.92. Bitcoin was down 0.3% at $57,353.03 and about 11% below its record intraday high at $64,895.22 set on April 14.
Ether, the token traded over the ethereum blockchain, topped $3,000 for the first time on Monday. It is up more than 385% this year, compared with 96% for bitcoin.
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Cryptocurrency ether rises to new record high over $3,600
05/06/2021 17:00
(Reuters) -Ether, the world s second-largest cryptocurrency after bitcoin, on Thursday extended a breakaway rally to a new record high of $3,616.10, gathering momentum as investors diverted focus from its main rival.
On the Bitstamp Exchange ether was last up about 4.0% at $3,568.92. Bitcoin was down 0.3% at $57,353.03 and about 11% below its record intraday high at $64,895.22 set on April 14.
Ether, the token traded over the ethereum blockchain, topped $3,000 for the first time on Monday. It is up more than 385% this year, compared with 96% for bitcoin.
The rise is in part a spillover from flows into bitcoin, which has grown in stature as big-name investors from Elon Musk s carmaker Tesla Inc to Wall Street investor Stanley Druckenmiller bought in.
Digital currency ethereum jumps to record high
04/27/2021 18:46
(Reuters) -Ethereum , the world s second largest crypto currency after Bitcoin, on Tuesday rose to a record high of $2,683.65 on the Bitstamp Exchange.
Ether was last up 4.32% at $2,644.07. Bitcoin, was last up 1.68% at $54,984.31 but still more than 15% below its record high at 64,895.22 set on April 14.
On Monday, the digital currencies got a boost from reports that JPMorgan Chase is planning to offer a managed bitcoin fund, the latest indication that what is considered by many a speculative investment is gaining institutional legitimacy.
On March 1 Goldman Sachs restarted its cryptocurrency trading desk, just weeks after Tesla Inc announced it had purchased $1.5 billion in bitcoin, sparking a rally.