Ethereum , the world’s second largest crypto currency after Bitcoin , on Tuesday rose to a record high of $2,683.65 on the Bitstamp Exchange.
Ether was last up 4.32% at $2,644.07. Bitcoin, was last up 1.68% at $54,984.31 but still more than 15% below its record high at 64,895.22 set on April 14.
On Monday, the digital currencies got a boost from reports that JPMorgan Chase (JPM.N) is planning to offer a managed bitcoin fund, the latest indication that what is considered by many a speculative investment is gaining institutional legitimacy. read more
But cryptos hit some resistance after U.S. President Joe Biden unveiled plans to raise capital gains taxes, a move which could curb investment in the digital assets. read more
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