The new darling on the crypto block is Ether, which pierced the $3,000 milestone for the first time early on Monday morning.
At the beginning of the year, Bitcoin held a market share of 70 percent, which has now come down to 46 percent at a valuation of $2.3 trillion.
Major financial institutions have devised instruments giving their clients access to this asset class.
This cannot take away, though, from the extreme volatility of cryptocurrencies, which becomes evident when looking at the history of Bitcoin.
Others, like the People’s Bank of China, are looking into the space in order to establish control over the sector.