Ethereum rallied to a new all-time high of $4,400 late Thursday, according to data from CoinMarketCap.
What Happened
At the time of writing, the second-largest cryptocurrency by market cap was trading at around $4,340, gaining 5 percent in the last 24 hours. The coin had a daily trading volume of $25 billion and accounted for nearly 20 percent of the crypto market.Ethereum’s rally follows the completion of the Altair Beacon Chain update, which was successfully activated on the network following a majority of nodes upgrading.
