Ether bursts past $4,000; other cryptos firm

SINGAPORE: Cryptocurrency ether broke past $4,000 on Monday, hitting a record high for the third consecutive session.

Ether, traded using the ethereum blockchain, has soared almost 450% in 2021. It last bought $4,038 on the Binance exchange.

Bitcoin rose roughly 2% to hit a three-week high.

Dogecoin, launched as a parody cryptocurrency, steadied around 54 U.S. cents after dropping as low as 41.6 cents after Tesla boss and crypto enthusiast Elon Musk described it as a “hustle” during a television appearance.