Ether outshines Bitcoin in whipsaw year, rises to the top in crypto’s ‘cloud wars’
- Date: 01-Jan-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Ether outshines Bitcoin in whipsaw year, rises to the top in crypto’s ‘cloud wars’
A year filled with highs and lows for cryptocurrency is ending with surprising winners — neither of which are Bitcoin (BTC-USD), Dogecoin (DOGE-USD) and Shiba Inu (SHIB-INU), the three digital coins that grabbed most of the headlines in 2021.
Ether (ETH-USD) was one of the year's biggest winners, more than quadrupling Bitcoin as an investment. Despite heavy investor buzz and new exchange-traded funds, the leading cryptocurrency spiked to a fresh record near $69,000 — only to retreat in dramatic fashion this month, and is currently languishing below $50,000.
As of Friday, Bitcoin has added over 60% year to date, and ETH is up 410%, according to Yahoo Finance/Coinbase data.
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