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

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

twitter-logoReuters | May 3, 2021 | Updated 18:56 IST
Ethereum crosses $3,000-mark, Bitcoin hovers at $58,000

Cryptocurrency Ethereum 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.

Ethereum 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.

Ethereum 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

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