Ether climbs to record US$4,372

Business | 12 May 2021 6:49 pm

Cryptocurrency ether hit a record high on Wednesday, adding to a recent surge on the back of a broader run-up in decentralized finance applications and increasing institutional interest in cryptocurrencies, Reuters reports.

Ether, the second-biggest cryptocurrency by market capitalisation after bitcoin, climbed to a peak of US$4,372.35, eclipsing its previous record hit on Monday, and was last up by 2 percent on the day. Bitcoin was down a touch at US$56,353.

Ether has jumped by almost 500 percent against the dollar this year as the ethereum blockchain becomes more widely used by peer-to-peer - or decentralised - cryptocurrency platforms that enable crypto-denominated lending outside of traditional banking institutions.



Search Archive

Advanced Search
June 2021
S M T W T F S

Today's Standard