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Bitcoin remains some way off highs, Asian crypto traders turn to Ethereum

Ethereum, currently the third largest cryptocurrency, is now worth a combined US$85bn.
ethereum, bitcoin
Ethereum is changing hands above US$900

In these early days of January Bitcoin appears as welcome as December’s cold turkey, but, the price of the Ethereum cryptocurrency is now hitting new highs.

Ethereum reached a new record level above US$900 on Tuesday, trading at around US$914.

It comes amid a reported uptick in trading volumes out of Asia – with notably more transactions out of Singapore, Hong Kong, Japan and South Korea.

Ethereum, currently the third largest cryptocurrency, is now worth a combined US$85bn with nearly 80mln tokens presently in existence.

Bitcoin cryptocurrency, meanwhile, remained someway off recent highs changing hands at around US$13,800, up 2.85% for Tuesday, which gives it a combined market value of just over US$230bn with 16.7mln virtual coins in circulation.

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