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10/21, 1:35 PM (Source: TeleTrader)
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Ether surges nearly 5% to hit $4,350

The price of Ethereum, the world's second most popular cryptocurrency, soared by more than 4.5% on Thursday to briefly surpass $4,350 and near a new record high.

The crypto industry reached another milestone yesterday after the first Bitcoin-linked exchange-traded fund listed in the United States, the ProShares Bitcoin Strategy ETF (BITO), ended the first session as the second-most heavily traded fund on record. The news prompted Bitcoin to reach a new record high yesterday.

Ether gained 4.52% to sell for $4,350 at 7:26 am ET, while on the other hand, Bitcoin slipped 1.53% to $65,019.

Breaking the News / ND