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Cryptocurrency ether hit a record high, Ethereum breaks past $3,000 mark

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SINGAPORE (Reuters) – ether hit a record high of $3,017 on Monday, extending last week’s rally in the wake of a report that the European Investment Bank (EIB) could launch a digital bond sale on the ethereum blockchain network.


Ether rose 2% on the Bitstamp exchange to hit the milestone early in Asia trade. It is up more than 300% for the year so far, outpacing a 95% rise in the more popular bitcoin.


Ether is the or token that facilitates transactions on the ethereum blockchain and it is the second-largest by market cap behind bitcoin.


Bloomberg reported on Tuesday, citing unnamed sources, that the EIB plans to issue a two-year 100-million euro digital bond.


Bitcoin hovered around $58,000 on Monday.


(Reporting by Tom Westbrook; Editing by Himani Sarkar)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mon, May 03 2021. 07:44 IST

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