CNN Says ‘Move Over, Bitcoin. Ethereum is at an All-Time High’
Published on May 01, 2021 at 09:34PM
Bitcoin prices continued their rebound Saturday, rising about 6% to nearly $58,000. But the world’s largest cryptocurrency has been overshadowed lately by its younger sibling, Ethereum.
Ethereum, or ether for short, hit a new record high Saturday of just over $2,900. Ether prices have nearly quadrupled in 2021, soaring 290%. Bitcoin has had a great run too this year, doubling in value.
The total value of all Ethereum in circulation is now about $333 billion, according to CoinMarketCap. Bitcoin’s market value is nearly $1.1 trillion. While there are thousands of cryptocurrencies — including the Elon Musk tweet-fueled Dogecoin — Bitcoin and ether account for nearly two-thirds of the entire $2.2 trillion global crypto market…
Ethereum has enjoyed an even bigger surge than Bitcoin because it is the cryptocurrency of choice for the purchases of many non-fungible tokens, or NFTs — which have taken the art and broader collectibles world by storm.
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