Ethereum breaks past $3,000

  • by:
  • Source: Reuters
  • 05/02/2021
Ethereum breaks past $3,000
Ethereum by Stock Catalog is licensed under flickr Attribution 2.0 Generic (CC BY 2.0)
Cryptocurrency ether hit a record high of $3,017 on Monday, extending last week's rally in the wake of a report that the European Investment Bank (EIB) could launch a digital bond sale on the ethereum blockchain network.

Ether rose 2% on the Bitstamp exchange to hit the milestone early in Asia trade. It is up more than 300% for the year so far, outpacing a 95% rise in the more popular bitcoin.

Ether is the digital currency or token that facilitates transactions on the ethereum blockchain and it is the second-largest cryptocurrency by market cap behind bitcoin.

Bloomberg reported on Tuesday, citing unnamed sources, that the EIB plans to issue a two-year 100-million euro digital bond.
Ethereum by Stock Catalog is licensed under flickr Attribution 2.0 Generic (CC BY 2.0)

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