Cryptocurrencies
Ether Briefly Tops $4,000 as Upgrade, NFT Momentum Gathers Pace
- Solana, now seventh-biggest crypto, is up 68% in seven days
- Bitcoin is sitting close to its key round-number $50,000 level
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Ether briefly rose above $4,000 late Friday amid a monthlong surge around a major upgrade, and as demand for non-fungible tokens continues to widen.
The second-biggest cryptocurrency rose as high as $4,027 on Friday before paring gains. It was at $3,914 as of 12:06 p.m. on Saturday in Hong Kong, trading at levels only reached previously in May. Ether has gained more than 50% since the end of July, with the Ethereum network’s London upgrade early last month reducing supply increases.