Cryptocurrencies

Ether Outperforms Bitcoin as Excitement Builds for Software Upgrade

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By Olga Kharif and David Pan

March 21, 2022 at 8:10 PM UTC

Updated on

March 22, 2022 at 4:42 AM UTC

This article is for subscribers only.

Ether is outperforming its better-known-rival Bitcoin once again as optimism over a long-sought update that promises to reduce the carbon footprint of the world’s most-used blockchain appears to be getting closer to fruition.

Ether, the native cryptocurrency of the Ethereum blockchain, has rallied more than 16% in the past seven days, while Bitcoin rose 8.4%. So far this year, Ether is down about 17% and Bitcoin has fallen roughly 7%.