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