Ethereum surged this week after a long-awaited launch of software upgrades. In less than two hours Thursday morning, prices of the currency spiked 6% to a nearly three-month high of $2,800. The upgrade overhaul’s ethereum’s fee structure to make transaction costs easier to predict and less expensive. The surge boosted ether’s market capitalization above $325 billion and lifted year-to-date gains to more than 280%—far higher than market-leader bitcoin’s 33% increase.
Source: Ethereum Spikes After New Upgrade As Its Crypto Market Dominance Gains An Edge On Bitcoin