Ether briefly breaks record, then retreats
12:47, 21 October 2021
Ether briefly broke its record on Thursday before sliding back. The second largest digital currency reached $4,362 on Thursday, surpassing its record high of $4,366.09 from May 12, according to CoinMarketCap.
Data from Investing.com show that Ether reached $4,366.91 on Thursday – surpassing its May record of $4,366.10 by 81 cents.
Bitcoin also breaks records
Ethereum blockchain’s native coin record-breaking follows bitcoin smashing its own record yesterday. Bitcoin’s rally spilled over to the whole crypto market, whose total capitalisation reached record $2.7bn.
The rally was sparked by a successful launch of the first US bitcoin-linked exchange-traded fund earlier this week. The Bitcoin Strategy ETF attracted a record $1bn inflows on its opening day.
Ether retreated and was trading at $4,222 at the time of writing.
Read more: Bitcoin smashes through k price ceiling to new record high
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