Digital coin ether hits record high as 2021 gains near 500% By Reuters – Investing.com
- Date: 12-May-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Digital coin ether hits record high as 2021 gains near 500% By Reuters – Investing.com
LONDON (Reuters) -Cryptocurrency ether hit a record high on Wednesday, taking gains this year to almost 500% on the back of a growing interest in decentralised finance applications and increasing institutional interest in cryptocurrencies.
Ether, the second-biggest cryptocurrency by market capitalisation after bitcoin, climbed to $4,372.35, eclipsing its previous record hit on Monday, and was last up 2%. was down a touch at $56,240.
Ether has jumped almost 500% 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.