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Ether scales $4,600 to hit record high, bitcoin trails
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bitcoin's rally and riding on news of wider blockchain adoption. The ether token, which underpins the ethereum blockchain network, rose to as high as $4,643 in Asian hours, breaching the previous day's $4,600 and taking the week's gains to more than 10%. In the days since bitcoin, the world's largest cryptocurrency, hit its record high of $67,016.5 on Oct. 20, other tokens on the base layer of blockchain networks, known as Layer 1 networks, have gathered momentum.
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