ReutersApr 28, 2021 02:17:37 IST
(Reuters) -Ethereum , the world’s second largest crypto currency after Bitcoin, on Tuesday rose to a record high of $2,683.65 on the Bitstamp Exchange.
Ether was last up 4.32% at $2,644.07. Bitcoin, was last up 1.68% at $54,984.31 but still more than 15% below its record high at 64,895.22 set on April 14.
On Monday, the digital currencies got a boost from reports that JPMorgan Chase is planning to offer a managed bitcoin fund, the latest indication that what is considered by many a speculative investment is gaining institutional legitimacy.
On March 1 Goldman Sachs restarted its cryptocurrency trading desk, just weeks after Tesla Inc announced it had purchased $1.5 billion in bitcoin, sparking a rally.
But cryptos hit some resistance after U.S. President Joe Biden unveiled plans to raise capital gains taxes, a move which could curb investment in the digital assets.
(Reporting by Stephen Culp and Kevin Buckland; Editing by Aurora Ellis)
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