Bitcoin’s Nearest Rival Ether Sustains Surge on US ETF Speculation
- Ether’s 8% spike in the past 24 hours overshadowed Bitcoin
- Traders are awaiting developments on Ether ETF applications
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Ether grabbed the cryptocurrency spotlight after posting its biggest jump in more than a month, a surge pegged to speculation about the outlook for applications to start US exchange-traded funds for the token.
The second-largest digital asset traded at about $3,710 as of 11:20 a.m. on Tuesday in Singapore, maintaining an 8.5% advance from US hours. Ether’s 62% year-to-date gain is closing in on market-leader Bitcoin’s 68% increase.