Cryptocurrency ether rose to a fresh record peak on Tuesday before dropping sharply as some investors pulled profits from a white-hot market bulging with questionable new entrants.
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Ether broke past $3 000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin.
Binance coin has strengthened its position as one of the world’s largest cryptocurrencies after a 53% rally in the past seven days to the third spot behind bitcoin and ether.
The $1-billion market for non-fungible tokens has seemingly come out of nowhere to capture the imagination of artists and blockchain enthusiasts all over the world.
Bitcoin fell sharply on Monday after surging to its latest record high a day earlier as a selloff in global equities curbed risk appetite.
Promoted | Crypto has outperformed all other asset classes in recent years but it’s not just a story of bitcoin’s growth.
Ethereum hit an all-time high on Thursday as investors bought the cryptocurrency before the launch of ethereum futures on the Chicago Mercantile Exchange next week.
Ether, the second biggest crypto asset after bitcoin, hit its previous all-time high of US$1 400 this month and is trading at 130 times its price of four years ago. Astonishingly, the rally may be far from over.
Bitcoin wavered on Friday and was heading toward its sharpest weekly drop since September, as worries over regulation and its frothy rally drove a pullback from recent record highs.
Bitcoin fell sharply on Monday, losing ground from a record high of $34 800 touched a day earlier, with traders citing volatility in highly leveraged futures markets.