Ethereum surpasses $ 3,000 by Reuters

© Reuters. FILE PHOTO: A representation of Ethereum virtual currency is seen in front of a stock chart in this illustration

SINGAPORE (Reuters) – Cryptocurrency ether hit a record high of $ 3,017 on Monday, extending last week’s rally following a report that the European Investment Bank (EIB) may launch a sell-off digital bonds on the ethereum blockchain network.

Ether rose 2% on the Bitstamp exchange to hit the early stage in Asian trading. It’s up over 300% for the year so far, surpassing the most popular bitcoin’s 95% rise.

Ether is the digital currency or token that facilitates transactions on the ethereum blockchain and it is the second largest cryptocurrency by market cap behind bitcoin.

Bloomberg reported on Tuesday, citing anonymous sources, that the EIB planned to issue a two-year, € 100 million digital bond.

hovered around $ 58,000 on Monday.

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