Ethereum Hits New All-Time High of $2,600
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The price of cryptocurrency, Ethereum reached a new all-time high of $2,605 on Thursday
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The reverse has been the case for Bitcoin as it continues to consolidate after dropping to $53,000 over the weekend
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ETH currently has a market cap of $297 billion and it is trading at $2,600
On a day when Bitcoin and many altcoins are in the red, Ethereum has gone against the odds to reach a new all-time high.
The price of the second-largest crypto by market cap reaches a new high of $2,500 on Thursday.
Ether has experienced an increase of 13% in the past hour despite it not being a great day for other alts.
At the time of this report, ETH has a market capitalization of $297 billion and is trading at $2,600.
Things have not the rosy for Bitcoin holders on the other end.
A huge selloff over the weekend caused Bitcoin to fall as low as $52,000 on Sunday.
The flagship cryptocurrency has continued to consolidate between $52,000 and $56,000 for the past 4 days.
Read also: Venmo Users Can Now Buy and Store Bitcoin and Other Cryptocurrencies
At the time of this report, Bitcoin is trading at $54,766, down by 2.39% in the last 24 hours.
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