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Bitcoin Loses Its Shine Further; Ethereum Hits All-time High


With Bitcoin continuing to lose its dominance over the cryptocurrency market despite a brief revival over the weekend, the second most popular virtual currency Ether surged to its all-time high on Monday.

According to Coindesk, Ethereum soared to a record high value of $1,266.93$1.43 in trading at 05.00 UTC Wednesday after opening at $1,148.60.

However, it was mostly a downward trend after that, settling at $1109 in the afternoon, 3.37 percent down.

Etherium had an astonishing rise in the last week. The digital currency, valued at $764 Monday, crossed the $1000 mark on Friday.

Meanwhile, the price of bitcoin continues to stagger.

From the $17,000 level it reached over the weekend, the most popular crypto on Monday lost its weight heavily.

Opening at $16,178.50 Monday, Bitcoin reportedly lost its value by more than 11 percent to reach $14,348.

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