Ethereum hits all-time high


Ethereum broke above $1,500 to hit a record high on Wednesday as traders bought the cryptocurrency ahead of the launch of ethereum futures on the Chicago Mercantile Exchange next week

Ethereum has seen year-to-date gains of around 120%, compared with bitcoin’s 30%, and hit a new high of $1,576.7 in early London trading on Wednesday.

Led by bitcoin, cryptocurrencies are gaining traction with more mainstream investors. The euphoria boosted the total market value of all cryptocurrencies above $1 trillion for the first time earlier in January.