ETH price breaks above $4,000 to set new record highs


The price of ether has jumped above $4,000 for the first time.

The price of the second largest cryptocurrency by market capitalization climbed above the $4,000 level around 3:00 UTC on Monday just a week after breaking through the $3,000 level.

It is changing hands at $4,014 as of press time. Ethereum's market capitalization now sits at over $463 billion, according to data from CoinGecko.

Meanwhile, bitcoin's price is also trading above $59,200 again after bouncing between $56,000 and $59,000 for the most parts over the weekend.

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May 5, 2022, 3:17PM UTC