But serious cryptocurrency investors who've bet on ethereum are laughing all the way to the bank. Ethereum, or ether for short, hit a new record high of above $4,100 Monday morning. Ether is quickly catching up to bitcoin in market value too. All of the ethereum currently in circulation are worth about $480 billion, while bitcoin's market cap is just over $1 trillion. Bitcoin and ether make up about 63% of the total market value for all cryptocurrencies.

Source: CNN May 10, 2021 12:33 UTC