The token, which underpins the Ethereum blockchain network,
rose as much as 2.6 percent to $4,400 in Asian hours, breaching the previous
top of $4,380 set May 12.
Cryptocurrency markets have rallied sharply in recent weeks,
and Ether is up over 60 percent since its late September trough.
Bitcoin, which hit its record high of $67,016 on October 20
was last 1.4 percent higher at $61,457, up about 50 percent since late
September.
Among the biggest recent movers in cryptocurrencies however,
is meme-based cryptocurrency shiba inu whose price has rocketed around 160
percent this week, and is now the world's eighth largest token.
Shiba inu is a spinoff of dogecoin, itself born as a satire
of a cryptocurrency frenzy in 2013, and has barely any practical use. © Reuter
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