Ether, the world’s second-biggest cryptocurrency by market capitalisation, hit a new record high on Wednesday, bringing its total market capitalisation to just shy of $500bn and its gain since January to almost 500 percent.Ether climbed to $4,370 in intraday trading on Wednesday, according to Coinbase, besting its previous record hit on Monday and bringing its total market cap to $493bn.Ether’s rise has come on the back of increased institutional investor interest in cryptocurrencies fed by Bitcoin’s march towards becoming a mainstream form of payment.
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