Ethereum Price Hits New All-Time High After Altair Upgrade

The price of Ethereum, the second-largest cryptocurrency by market cap, has spiked over 10% in the last 24 hours to secure a new all-time high—just two days after eclipsing its previous record.

The new all-time high for ETH is $4,416.05, according to data from CoinGecko.

On Tuesday, October 26, the asset coasted to nearly $4,300 before declining all the way back to below $4,000. Yesterday, the network underwent its third upgrade in seven months, bringing Ethereum 2.0—a faster, more secure network—once step closer to fruition.

Editor’s note: This article is being updated as the news develops.

29 October 2021 01:58