The exchange rates and logos of Bitcoin , Ether , Litecoin and Monero are seen on the display of a cryptocurrency ATM of blockchain payment service provider Bity at the House of Satochi bitcoin and blockchain shop in Zurich, Switzerland, March 4, 2021.
Ether, the second-biggest cryptocurrency by market capitalisation after bitcoin, climbed to $4,372.35, eclipsing its previous record hit on Monday, and was last up 2 percent. Bitcoin was down a touch at $56,240. The surge has also seen ether — which in the crypto world is also widely referred to as ethereum — outperform bitcoin, which has almost doubled in price this year as larger investors warm to the emerging technology.US bank JP Morgan on Wednesday said the pace of evolution in the ethereum market has "remained rapid" and that there was still room for growth.
"Effectively, once Bitcoin futures became more accepted among institutional investors, they became more comfortable with cryptocurrencies paving the way for a more rapid acceptance of ethereum futures," JP Morgan said.
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