Ether, the second-largest digital currency by market value — hit a record high Thursday night at $4,400.
As of 10:30 p.m. Eastern on Thursday, ether
ETHUSD,
had pulled back slightly, recently trading at $4,370, according to Kraken data. The cryptocurrency reached its previous all-time high at $4,379 on May 12.
Ether, which runs on the Ethereum blockchain, has skyrocketed 55% over the past month, and is up about 476% year to date.
The surge by ether has followed a route taken by bitcoin
BTCUSD,
— the world’s No. 1 crypto — which hit a record high above $66,000 earlier this month. Bitcoin has surged 50% over the past month, and is up 112% in 2021.
Ether’s market cap is currently about $515 billion, a bit less that half that of bitcoin, which is valued at about $1.1. trillion, according to CoinMarketCap.com.
This post was originally published on Market Watch
