Cryptocurrency surge: Ether creates record, crosses $1,000 for the first time ever

Ethereum or Ether created a new record on Thursday when it crossed USD 1,000 in exchange rates at many major cryptocurrency exchanges for the first time ever. At the time of publishing, it was trading at USD 1,042, according to the CoinDesk price index.

The market cap or total valuation of the cryptocurrency now stands at over USD 102 billion and is currently the third biggest digital currency in the world.