Ether (ETH) Rises to Record, Topping 2021 Crypto Bull Market High

Ether surged to a record for the first time in almost four years, with the second-largest cryptocurrency benefiting from a renewal in demand after long being touted as a more adaptable alternative to the crypto market leader Bitcoin.

The native token of the Ethereum blockchain rose as much as 15% to $4,866.73, topping the previous all-time high of $4,866.40 reached in November 2021. Ether has increased more than 40% this year, outperforming Bitcoin even as the original digital currency continues to set fresh highs after winning the endorsement of President Donald Trump during last year’s US presidential election.

Source link