Ethereum, or ether for short, hit a new record high Monday of about $3,200. Ether prices have more than quadrupled in 2021, soaring 325%. Bitcoin has had a great run too this year, doubling in value.
The total value of all Ethereum in circulation is now about $367 billion, according to CoinMarketCap. Bitcoin’s ( market value is $1.1 trillion. )
While there are thousands of cryptocurrencies — including the Elon Musk tweet-fueled Dogecoin — bitcoin and ether account for nearly two-thirds of the entire $2.3 trillion global crypto market.
Bitcoin has soared this year in part due to increased adoption by Corporate America. Musk’s Tesla ( and software firm )MicroStrategy ( have bought bitcoin to hold on their balance sheets. Digital payments giants )Square ( and )PayPal ( are letting users buy, sell and hold crypto, too. )