Ethereum rises 5% at $2,509; bitcoin firm

Bitcoin was up 0.8% at $36,987

  
Representation of the Ethereum virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018.

Representation of the Ethereum virtual currency standing on the PC motherboard is seen in this illustration picture, February 3, 2018.

REUTERS/Dado Ruvic

LONDON - Cryptocurrency Ethereum climbed over 5% on Monday to $2,523 but remained more than 40% below a record high of above $4,300 hit earlier this month.

At 0950 GMT, it was trading up 4.1% at $2,495.69.

Larger rival, Bitcoin, the world's biggest and best-known cryptocurrency, was up 0.8% at $36,987 in quiet trading with London and U.S. markets shut for holidays. 

Bitcoin has been less volatile in recent days but is down by more than 35% this month, weighed by growing regulatory pressures on the sector.

It is currently trading at levels last seen in February and at roughly half its peak value of $65,000 seen in April.

(Reporting by Saikat Chatterjee; Editing by Yoruk Bahceli) ((saikat.chatterjee@thomsonreuters.com; +44-20-7542-1713; Reuters Messaging: saikat.chatterjee.reuters.com@reuters.net))


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