Ether, the world’s second-largest cryptocurrency, rose nearly 7% over the last 24 hours to a record high of $4,141.99.
- As of 8:50 a.m. ET, ether was up 6.7% at a price of $4,130. Bitcoin, on the other hand, inched up around 0.9% to $57,861.
- Once in bitcoin’s shadow, ether has seen parabolic gains recently as investors look to other cryptocurrencies for returns. Bitcoin fell over 2% in April, while ether rose more than 40%. The entire crypto market is currently worth around $2.5 trillion, according to CoinMarketCap, on the back of growing interest in the space.
SOURCE – CNBC