SINGAPORE: Cryptocurrency ether hit a record high today to trade within a whisker of US$3,000, 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 hit US$2,989.95 in early Asia trade.
It is up about 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 digital bond.
Bitcoin traded slightly softer at US$56,396 today.