The pending hard fork will take the first steps in addressing Ether’s high transaction fees. Ether (ETH) surged to a new all-time high on Tuesday, with the next major update in its ongoing development — dubbed “Berlin” — scheduled for Wednesday, April 14. Ether’s price reached $2,228 on Tuesday, marking the highest dollar valuation the coin has achieved since its conception.
Ether’s price reached $2,228 on Tuesday, marking the highest dollar valuation the coin has achieved since its conception. The coin’s market capitalization exceeded $250 billion for the first time. For context, the market cap of Bitcoin (BTC) was at the same level just six months ago, in late October 2020.
It wasn’t the only coin to reach a new all-time high on Tuesday; Bitcoin also hit new heights as the BTC coin price surged to above $63,000. Meanwhile, the coins immediately behind Bitcoin and Ether in the market cap rankings — Binance Coin (BNB) and XRP — also hit new all-time highs in the past 24 hours.