'Speculative excess': Ethereum finds new peak in sizzling crypto market

'Speculative excess': Ethereum finds new peak in sizzling crypto market

The Edge Markets - World·2021-05-04 15:03

SINGAPORE (May 4): Cryptocurrency ether rose to a fresh record peak on Tuesday before dropping sharply as some investors pulled profits from a white-hot market bulging with questionable new entrants.

A day after blowing past $3,000 for the first time, ether, the token traded over the ethereum blockchain, hit $3,457.64 on the bitstamp exchange before dropping 6% to $3,244.

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