Ether hits record high at $4,400 as crypto surge continues

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Ether hits record high at $4,400 as crypto surge continues
Ether hits record high at 4400 as crypto surge continues


A previous headline erroneously said $44,000. The record is $4,400. 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,
+1.20%
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,
-1.55%
— 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.



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