New Delhi, Aug. 11 -- The cryptocurrency market experienced a significant surge over the weekend, with the second-largest digital asset, Ethereum (ETH), also known as Ether, leading the charge and outperforming its rivals, including Bitcoin.

The rally was fueled by increasing demand from institutional investors and corporate treasury buyers, according to Bloomberg.

Ether's price climbed as much as 2.9% on Monday morning in Asia, pushing its value above $4,300, its highest level since December 2021.

The top-performing cryptocurrency and Ether's rival, Bitcoin, topped $121,000 to come within striking distance of a record high.

A major driving factor for Ether's recent gains is the growing interest from large-scale investors. Data compil...