Ethereum’s Ether has passed Starbucks, Costco and Bidu in market capitalization in the past 24 hours. The crypto currency was up more than 14 percent, passing a market capitalization of $86 billion. It has eased slightly after that run, but still trades $863.50 as of 9:39 am ET.
In the Asian session Ether had passed $900/token based on CoinDesk prices.
Bitcoin is still the granddaddy of all cryptos, but its volatility and trading range have many traders focused on Ripple, Ether and others, which continue to break higher and gather momentum.