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Ether notches first new record since 2021 after Powell speech teasing rate cuts

Ether notches first new record since 2021 after Powell speech teasing rate cuts

Omar Marques | Lightrocket | Getty Images The price of ether smashed through its 2021 record on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. The second-largest cryptocurrency surged 15% late Friday, rising as high as $4,885.00 and surpassing its November 2021 record of $4,866.01. Bitcoin rose 4% to $117,008.29. …

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