Cryptos surge further, Ether up 11%
The prices of cryptocurrencies continued rising on Monday, with Ether going above 11% and seemingly following gains in the stock markets.
Earlier, Ethereum suggested that September 19 might be the potential date when the blockchain-based software platform will transition from proof-of-work to proof-of-stake mechanism, which could have possibly led traders to invest more into Ether, boosting the virtual currency's price.
Bitcoin jumped 7.40% at 11:48 am ET, selling for $22,322, while Ether increased 11.28% to go for $1,489.98 a minute later.