Ethereum reached an all-time high of $749.85 Thursday morning, before taking a 13% nosedive,
It’s currently trading down about 1%, near to $690 per token.
The cryptocurrency now has a market cap of $64.858 billion, according to coinmarketcap.com, with Ethereum maintaining its spot as the second-largest digital currency, behind only bitcoin.
Many digital currencies have seen boosts this week after bitcoin futures began trading Sunday. Bitcoin and Ethereum have gained 23% and 52% respectively since the launch.
Unlike bitcoin, Ethereum’s underlying blockchain includes support for “smart contracts” in addition to payments and money transfers.
