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Cryptocurrency ether rises to new file excessive over $3,600

Ether, the world's second-largest cryptocurrency after bitcoin, on Thursday prolonged a breakaway rally to a brand new file excessive of $3,616.10, gathering momentum as traders diverted focus from its primary rival. On the Bitstamp Trade ether was final up about 4.0% at $3,568.92. Bitcoin was down 0.3% at $57,353.03 and about 11% beneath its file intraday excessive at $64,895.22 set on April 14. Why does bitcoin use 10 times more electricity than Google Ether, the token traded over the ethereum blockchain, topped $3,000 for the primary time on Monday. It's up greater than 385% this 12 months, in contrast with 96% for bitcoin. The rise is partly a spillover from flows into bitcoin, which has grown in stature as big-name traders from Elon Musk's carmaker Tesla to Wall Street investor Stanl...