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Ethereum price reaches record high and Bitcoin surges. Here are some of the reasons why
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euronews.comCryptocurrencies are riding a new wave on Monday with Ethereum, the second-biggest digital coin, hitting an all-time high. Meanwhile, Bitcoin neared its own record.
Ethereum surged some 4 per cent in 24 hours to over $4,700 (€4,061).
The price of Bitcoin jumped almost 5 per cent to as high as $66,170, nearing its record price of $67,016.50 level reached on October 2, according to CoinMarketCap.
The reasons for the price hikes are not fully understood but it comes as the new trend in cryptos called
Read more on euronews.comAbout this in other media
Traders watch for a trend reversal after Ethereum price drops to $4,100 cointelegraph.com /3 years ago
Ethereum price risks losing $4K on 'rising wedge' breakout fears cointelegraph.com /3 years ago
Record-High Job Openings Persist in Tight Labor Market wsj.com /3 years ago
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