Ethereum tops $3K, hits all-time high as investors look beyond bitcoin

Cryptocurrency ether, the digital token of the Ethereum blockchain, topped $3,000 on Monday, hitting an all-time high and stealing attention away from the world’s largest crypto, bitcoin.

Ether’s price rose about 8 percent Monday morning and exchanged hands at about $3,150 as of 6:45 a.m. ET, according to data from Coinbase. The token’s up more than 300 percent for the year so far, handily outpacing bitcoin’s 95 percent rise on the year. Bitcoin’s price also rose about 3 percent Monday, bringing its market cap to about $1.1 trillion, according to Coinbase. Ethereum’s market cap sits around $366 billion, Coinbase data shows.