The cryptocurrency skyrocketed to an all-time high of $2,500 a coin early Sunday morning. It also surpassed Ethereum as the second largest cryptocurrency by market cap, according to CoinMarketCap.com. bitcoin cash, which notably split from the original bitcoin in August, was gaining on its sister coin up until around 2 a.m. It later shed about $1,000 and by 11:35 a.m was only trading at $1,525, slipping back below Ethereum's market cap.
Still, it was an impressive march for a coin which has spent most of its existence trading between $300 and $500. Ethereum founder Vitalik Buterin even chimed in on the news in a tweet late Saturday night to congratulate the coin's main backers.
