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Ethereum (ETH) cryptocurrency nears all-time high

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Jaap Arriens | NurPhoto | Getty Images

Ether is closing in on an all-time high. The cryptocurrency, one of many alternatives to bitcoin, rallied as much as 17% on Tuesday to an intraday high of $1,439, according to data from industry site CoinDesk.

That’s just shy of the $1,448 record ether hit in early 2018, when major cryptocurrencies led by bitcoin climbed to new heights before slumping sharply later in the year. Ether, the world’s second-biggest cryptocurrency by market value, has almost doubled year to date.

Bitcoin has been in the spotlight for several months now, thanks to a blistering rally that saw it notch fresh highs. The cryptocurrency shot up close to $42,000 a couple weeks…



Source cnbc.com

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