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Bitcoin, ether hit fresh highs

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Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier.

Axar.az reports citing foreign media that the world’s most popular cryptocurrency rose to a record $56,620, taking its weekly gain to 18%. It has surged more than 92% this year.

Bitcoin’s gains have been fuelled by evidence it is gaining acceptance among mainstream investors and companies, such as Tesla Inc, Mastercard Inc and BNY Mellon.

Ether, the second-largest cryptocurrency by market capitalization and daily volume, hit a record $2,040.62, for a weekly gain of about 12%.

Ether is the digital currency or token that facilitates transactions on the Ethereum blockchain. In the crypto world, the terms ether and Ethereum have become interchangeable.

Date
2021.02.20 / 15:55
Author
Axar.az
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