Business
Bitcoin rival Ethereum hits new heights as investors flock to cryptocurrencies – Sydney Morning Herald
The world’s second largest cryptocurrency, Ethereum, has soared to a new all-time high following significant investor enthusiasm for Bitcoin alternatives.
Asher Tan, founder and chief executive of Australian crypto exchange CoinJar, says Ethereum is the second most-traded coin on his exchange and notes its popularity often grows following a jump in the price of Bitcoin.
“Usually investors will start out buying Bitcoin, and then they’ll diversify their gains into other coins,” he said. “Or they’ll be looking at what to buy and then see that Bitcoin has gone up so much, so they’ll get the second-best thing.”
Both currencies are the most well-established…
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