Bitcoin’s main competitor has risen in price at a record

Cryptocurrency Ethereum, considered to be the main competitor to Bitcoin, has risen in price at a record, according to data from the TradingView service.

At the time of publication, the cost of one Ethereum unit was $ 1407.3. Growth from the previous session’s close was $ 172.9, or 14 percent.

At its peak, the cost reached $ 1,440. Thus, the price broke the previous all-time high, set in January 2018 at $ 1,428.

In addition, the volume of transactions in Ethereum exceeded that of Bitcoin, reaching $ 12 billion, excluding transactions on decentralized exchanges.

Since the end of last year, there has been a sharp increase in the value of bitcoin, the oldest and largest in terms of capitalization (total value) of the world’s cryptocurrency. In recent weeks, its price has set several historical records and at the time of publication was $ 37232.9.

/Media reports.