World’s second-largest cryptocurrency edging towards landmark valuation amid Bitcoin frenzy

It may not be as well-known as Bitcoin, but Ethereum has had a sterling start to 2021. The world’s second-largest cryptocurrency by market value reached a record high of $1,824.59 earlier this week, beating its previous peak of $1,761.35.

Ether, the name of the native cryptocurrency on the Ethereum blockchain, has more than doubled in value in 2021, outperforming Bitcoin, which has also reached record highs in the early months of the year. The surge in the value of cryptocurrencies is likely the result of low liquidity across crypto exchanges.

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