| 30 November 2023, Thursday |

Ethereum hits a record high of $3,000

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

On the Bitstamp exchange Ether rose 2 percent to hit the milestone early in Asia trade. It has increased more than 300 percent in a year so far, outpacing a 95 percent rise in the more popular bitcoin.

Ether is the digital currency or token that facilitates transactions on the ethereum blockchain and it is the second-largest cryptocurrency 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.

  • Reuters