Ether, the worlds second-largest cryptocurrency rose to $2,000 for the first time, as the rally in digital assets continues to broaden beyond Bitcoin.<\/p>\n
The digital token for the Ethereum network gained as much as 2.3% to $2,014 on Friday. It has surged about 170% this year. The Bloomberg Galaxy Crypto Index gained gained about 3%, while Bitcoin was little changed after more than doubling this year.<\/p>\n
Were now really breaking higher and that will very likely attract buying activity, said Julius de Kempenaer, senior analyst at StockCharts.com. Ether is gaining in relative strength versus Bitcoin.<\/p>\n
The token has mirrored the gains in Bitcoin over the past year amid a flood of stimulus aimed at boosting the global economy during the Covid-19 pandemic. Critics warn that crypto is a speculative bubble that will likely burst.<\/p>\n
Ether has a market value of about $230 billion, compared with about $1.1 trillion for Bitcoin, according to data from CoinMarketCap.com.<\/p>\n
With assistance by Vildana Hajric<\/p>\n
Before it's here, it's on the Bloomberg Terminal.<\/p>\n
<\/p>\n
Continued here: Ether, the worlds second-largest cryptocurrency rose to $2,000 for the first time, as the rally in digital assets continues to broaden beyond Bitcoin. The digital token for the Ethereum network gained as much as 2.3% to $2,014 on Friday. Continue reading
\nEther Rises to Record as Crypto Rally Broadens Beyond Bitcoin - Bloomberg<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"