Ethereum has struggled to gain much momentum in recent months while Bitcoin has soared, breaking its all-time price record multiple times in early November—including once late last week.

However, the second-largest crypto by market cap finally managed to breach the $3,000 threshold early Saturday for the first time since August 2, peaking out at $3,056.

Breaking that mark for only the second time this year, Ethereum had fallen to as low as $2,375 on the eve of Election Day.

Yet, with President-elect Donald Trump’s favorable stance on digital assets boosting the broader market, Ethereum’s price is beginning to rise on that tailwind, popping 20% over the past week and outpacing Bitcoin’s own 10% jump.

Bitcoin continues to push to new all-time highs, again doing so Friday with a new high of $77,239, data from CoinGecko show.

Bitcoin’s previous all-time high, set in March, at $73,737, was smashed Tuesday night as Trump’s win began to take shape in an unexpected dominant showing in c

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Author: André Beganski