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Ethereum’s Ether Cryptocurrency Sets New All-Time Price High Above $1,450
Ether has outpaced bitcoin on a year-to-date basis.
Updated Sep 14, 2021, 11:00 a.m. Published Jan 25, 2021, 12:39 a.m.
The price of ether , the native cryptocurrency of the Ethereum blockchain network, soared to record levels on Sunday.
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- Prices hit $1,454.32 – topping the previous all-time high of $1,439.33 set only last week – before settling back to $1,447.77, up more than 17% in the last 24 hours.
- While ETH has trailed its larger cryptocurrency sibling, bitcoin (BTC), in its journey to new lifetime highs, it has outpaced the top cryptocurrency on a year-to-date basis with an 88% increase. BTC has risen 10.98% so far this year.
Read more: Ethereum 2.0 Beacon Chain Goes Live as ‘World Computer’ Begins Long-Awaited Overhaul
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- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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