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Fortune
Fortune
Ben Weiss

Ethereum surges past $4,000 as crypto market soars to new all-time high

A picture of the Ethereum logo surrounded by rays of light. (Credit: Illustration by Fortune)

The crypto markets keep roaring. The total market capitalization of all cryptocurrencies notched a new all-time high of almost $4.15 trillion early Monday morning, according to data from CoinGecko. That beats the last record set in late July. The total value of the crypto market has since dipped but is still up almost 0.6% over the past 24 hours. 

Among the top tokens, Ethereum is the biggest gainer. The world’s second largest cryptocurrency crossed the threshold of $4,000 over the weekend for the first time since December. The token is up over 2% in the past 24 hours and now trades at around $4,300, according to data from Binance. 

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