The native token of the ethereum platform, ether, has started the new year with a bang, hitting an all-time high of over $900 this morning.
Having traded more or less sideways for the last week, prices for the third largest cryptocurrency by market valuation started to climb around midnight (UTC), and topped out at the fresh high of $914.83 at 02:30 UTC, according to CoinDesk's Ethereum Price Index.
The price gains come amid increased trading volumes, particularly in Asia, with Coinbene (Singapore), Binance (Hong Kong/Japan) and Bithumb (South Korea) all posting notable increases in the last 24 hours.
Ether's market capitalization now stands at almost $85 billion, with a circulation of 79 million tokens.
The news comes as the wider cryptocurrency market is generally seeing positive moves.
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