Ethereum rolls over after hitting a record high

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Markets Insider

  • Ethereum reached an all-time high of $749.85 Thursday morning, before taking a 13% nosedive,
  • It’s currently trading down about 1%, near to $690 per token.
  • The cryptocurrency now has a market cap of $64.858 billion, according to coinmarketcap.com, with Ethereum maintaining its spot as the second-largest digital currency, behind only bitcoin.
  • Many digital currencies have seen boosts this week after bitcoin futures began trading Sunday. Bitcoin and Ethereum have gained 23% and 52% respectively since the launch.
  • Unlike bitcoin, Ethereum’s underlying blockchain includes support for “smart contracts” in addition to payments and money transfers.
  • Watch Ethereum’s price move in real-time here>>