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Ethereum scales record peak before futures launch

Published 02/04/2021, 03:00 AM
©  Reuters
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By Stanley White

TOKYO (Reuters) - Ethereum hit an all-time high on Thursday as investors bought the cryptocurrency before the launch of ethereum futures on the Chicago Mercantile Exchange next week.

Ethereum rose to record high of $1,698.56. Bitcoin, the most popular crypto currency, also rose 1.2% to $38,120.

Cryptocurrencies are gaining traction with more mainstream investors. The euphoria boosted the total market value of all cryptocurrencies above $1 trillion for the first time earlier in January.

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