{"id":57896,"date":"2018-01-10T11:14:58","date_gmt":"2018-01-10T11:14:58","guid":{"rendered":"http:\/\/www.bnreport.com\/ethereum-bucks-negative-cryptocurrency-trend-to-reach-an-all-time-high\/"},"modified":"2018-01-10T11:14:59","modified_gmt":"2018-01-10T11:14:59","slug":"ethereum-bucks-negative-cryptocurrency-trend-to-reach-an-all-time-high","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/ethereum-bucks-negative-cryptocurrency-trend-to-reach-an-all-time-high\/","title":{"rendered":"Ethereum bucks negative cryptocurrency trend to reach an all-time high"},"content":{"rendered":"

While nearly all major cryptocurrencies traded in the red today, ethereum shot up to an all-time high.<\/p>\n

Ethereum, which recently reclaimed its spot as the second biggest cryptocurrency by market capitalisation<\/a>, rose to a high of $1,417 today, according to Coindesk's aggregate price.<\/p>\n

Meanwhile, bitcoin dropped below $14,000 to trade down more than five per cent at $13,710 at the time of writing, and Ripple, which just last week neared $4, was trading down 19 per cent at $1.95.<\/p>\n

Read more<\/strong>: What is Ripple? The cryptocurrency growing faster than bitcoin explained<\/a><\/p>\n

Along with many other cryptocurrencies, ethereum's ether token rode the current of bitcoin mania in 2017. <\/p>\n

The digital currency is up more than 13,000 per cent in the last year, and its market cap reached a high of $137bn today, compared with bitcoin's current value of $232bn, according to Coinmarketcap.<\/p>\n

Unlike bitcoin, which was created as an alternative to fiat currencies, ether is the token that fuels the ethereum blockchain, and it aims to be a "world computer"<\/a> that uses a blockchain to replace internet third parties, which store data in clouds and servers.<\/p>\n

At the time of writing, ethereum was trading up 0.72 per cent at $1,306.36.<\/p>\n

Read more<\/strong>: Ethereum's hard fork explained: Here's what happened and why<\/a><\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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CityAM<\/a><\/h5>\n

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