Crypto Credits
Bitcoin

Ethereum crosses $3,000-mark, Bitcoin hovers at $58,000


Ether rose 2% on the Bitstamp exchange to hit the milestone early in Asia trade

Reuters | May 3, 2021 | Updated 08:50 IST

Cryptocurrency 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 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.

Also read: Bitcoin jumps 6.54% to $57,098




Visit website

Related News

Bitcoin Daily: Bitcoin Crests $34K For First Time

News

Australian bitcoin mogul remains at large after surrender of boss

News

Bitcoin Looks to Gain Traction in Payments

News

MXC Exchange Launches “MX DeFi” Yield Farming to Remain the top Centralized DeFi Token Supporter

News

‘IMF says crypto may change how we buy, sell, save, and invest’

News

$3.6 billion worth of Bitcoin coaxed from long-term storage by November rally

News