Ether, the second largest cryptocurrency in the world, was able to record an all-time high, affected by the rise of Bitcoin, after news of the wider adoption of cryptocurrencies.
According to Arab Net, Ether, linked to the Ethereum blockchain, rose to $4,643 in Asian trading hours, smashing yesterday's figure of $4,600, bringing its gains during the week to More than 10%.
Bitcoin was trading at about $63,078, up about 117 percent this year, while Ether has surged six times its value.
“Since the market reversal at the end of September, the strength of Ether has been moving along with Bitcoin and other major currencies,” said Ryan Rapaglia, global head of trading at digital asset platform OSL.
Interest in smaller cryptocurrencies also grew after Facebook changed its name to Meta to focus on metaverses, a shared virtual reality environment.
