Cryptocurrency Ether reaches an all-time high of $4400


ETH/USD Ethereum, the second-largest cryptocurrency, on Friday hit an all-time high, just over a week after it shattered its biggest rival by creating its own.

 The coin, which is linked to the blockchain network Ethereum, rose 2.6 percent to $4,400 in Asian trading, surpassing its previous peak of $4,380 reached on May 12.

 Cryptocurrency markets have risen sharply in recent weeks, and Ether is up more than 60 percent since its lows in late September.