The price of Ether, the second largest cryptocurrency in the market by market capitalization, has just surpassed $4,350 for the first time, according to CoinMarketCap.
As a result of this recent price increase, the market cap of the asset has surpassed $500 billion. However, the price of the asset has retraced to the current $4,228.87 (+8.51%).
Ethereum has hit headlines recently after breaking one record after another. For instance, it broke above the psychological barrier of $4,000 for the first time in its history.
Thanks to this spike in the price of the second largest cryptocurrency in the market, Ethereum miners have managed to make more money than Bitcoin’s, as we have recently reported.