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| Bitcoin rival ETHER pushes market value toward HALF-A-TRILLION dollars as crypto rockets past $4,000 | Bitcoin rival ETHER pushes market value toward HALF-A-TRILLION dollars as crypto rockets past $4,000 |
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| The world’s second-biggest digital asset, ethereum, has reached a new all-time high after crossing a psychologically significant threshold of $4,000 per coin for the first time ever. | The world’s second-biggest digital asset, ethereum, has reached a new all-time high after crossing a psychologically significant threshold of $4,000 per coin for the first time ever. |
| Ethereum was up around 4% on Monday morning to trade at around $4,130, according to CoinMarketCap data. It took the world’s second-largest cryptocurrency just one week to add nearly $1,000 to its value. The price of ethereum has more than quadrupled this year alone, outperforming its closest rival, bitcoin. | Ethereum was up around 4% on Monday morning to trade at around $4,130, according to CoinMarketCap data. It took the world’s second-largest cryptocurrency just one week to add nearly $1,000 to its value. The price of ethereum has more than quadrupled this year alone, outperforming its closest rival, bitcoin. |
| The latest rally boosted the digital asset’s market value to over $476 billion. That puts ethereum’s market capitalization almost on par with the largest US bank JP Morgan and higher than that of pharmaceutical giant Johnson & Johnson. | The latest rally boosted the digital asset’s market value to over $476 billion. That puts ethereum’s market capitalization almost on par with the largest US bank JP Morgan and higher than that of pharmaceutical giant Johnson & Johnson. |
| However, ethereum’s market value is still far behind bitcoin’s, which currently stands at $1.1 trillion. | However, ethereum’s market value is still far behind bitcoin’s, which currently stands at $1.1 trillion. |
| Some analysts predict that the price of the world’s second-largest cryptocurrency may rise even more. According to market research firm FundStrat, ethereum may hit $10,000 this year, while bitcoin’s price could reach $100,000. | Some analysts predict that the price of the world’s second-largest cryptocurrency may rise even more. According to market research firm FundStrat, ethereum may hit $10,000 this year, while bitcoin’s price could reach $100,000. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |