Ether Hits New High, Outperforms Bitcoin as Altcoins Rally

Ether, the world’s second-largest cryptocurrency by market capitalization has reached a new all-time price high of $4,400 on Friday, topping the previous record high of $4,379 in May, according to CoinDesk data.

ETH is up about 11% over the past week, compared to a 3% rise in BTC over the same period.

Latest prices

  • Bitcoin (BTC): $62,346, +1.70%
  • Ether (ETH): $4,394, +3.08%
  • S&P 500: $4,605, +0.19%
  • Gold: $1,782, -0.97%
  • 10-year Treasury yield closed at 1.55%

XRP gets wrapped by Tokensoft for Ethereum DeFi debut

Tokensoft’s Wrapped is taking a multi-custodial approach by partnering with Hex Trust on wXRP, CoinDesk’s Ian Allison reported. The new connectivity for XRP holders will allow access to various DeFi applications, whether that’s lending, borrowing or for use in automated market makers, CEO of Tokensoft Mason Borda said. Wrapped has previously wrapped a number of tokens, including bitcoin, zcash, filecoin and others.

News Source: Coindesk.com

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