The second-largest cryptocurrency rose as much as 15 per cent to US$4,866.73, topping the previous all-time high in November 2021.

The price of ether smashed through its 2021 record on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts.

The second-largest cryptocurrency rose as much as 15 per cent to US$4,866.73, topping the previous all-time high in November 2021.

Ether rose to a new record over the weekend, after hitting an all-time high Friday for the first time since 2021.