Record price for Ether takes its gains to 500% so far this year
Cryptocurrency climbs above $4,370 but JPMorgan analysts warn it may be overvalued
12 May 2021 - 17:19
London — 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%. Bitcoin was down a touch at $56,240...
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