SINGAPORE (Reuters) – Bitcoin hit a new high in Asian trading on Saturday, extending a two-month rally with market cap exceeding $ 1 trillion a day earlier.
The most popular cryptocurrency in the world soared to a record $ 56,620, bringing weekly profit to 18%. It is up more than 92% this year.
Bitcoin’s profit has been fueled by evidence that it is accepted by mainstream investors and companies, such as Tesla Inc, Mastercard Inc and BNY Mellon.
Ether, the second largest cryptocurrency by market cap and daily volume, hit a record $ 2,040.62, gaining around 12% weekly.
Ether is the digital currency or token that enables transactions on the ethereum blockchain. In the crypto world, the terms ether and ethereum have become interchangeable.
Ether futures contracts were launched earlier this month on derivatives exchange CME.
Reporting by Vidya Ranganathan; Editing by William Mallard