• Cryptocurrency hit an all-time high on Friday

    National
    Cryptocurrency hit an all-time high on Friday

    Ether the world's second largest cryptocurrency hit a all time high on Friday. It is a little over a week after larger rival bitcoin set its own record.





    The token, which underpins the ethereum blockchain network. It rose as much as 2.6% to $4,400 in Asian hours, breaching the previous top of $4,380 set May 12.





    Cryptocurrency markets have rallied sharply in recent weeks, and ether is up over 60% since its late September trough.





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    Bitcoin, which hit its record high of $67,016 on Oct. 20 was last 1.4% higher at $61,457, up about 50% since late September.





    Among the biggest recent movers in cryptocurrencies. However, is meme-based cryptocurrency shiba inu whose price has rocketed around 160% this week. And is now the world's eighth largest token.





    Close Shiba inu is a spinoff of dogecoin, itself born as a satire of a cryptocurrency frenzy in 2013, and has barely any practical use.