Bitcoin, Ether hit records amid broad rally in cryptocurrenciesFILE PHOTO: The exchange rates and logos of Bitcoin (BTH), Ether (ETH), Litecoin (LTC) and Monero (XMR) are seen on the display of a cryptocurrency ATM of blockchain payment service provider Bity at the House of Satoshi bitcoin and blockchain shop in Zurich, Switzerland June 25, 2021. (Reuters)Bitcoin and Ether hit all-time highs Tuesday in an ongoing cryptocurrency rally that some analysts attributed partly to the search for investments to hedge risks from inflation. Bitcoin, the world’s largest digital token, jumped as much as 3.6% to $68,513, while Ether posted a more modest advance to about $4,840. The total value of digital tokens tracked by CoinGecko reached some $3.1 trillion. “Strength in Bitcoin, Ethereum and many other altcoins looks likely in the weeks to come.”Another theory for the Bitcoin rally is the seemingly ubiquitous Elon Musk, the world’s richest man.

Source: Bangkok Post November 09, 2021 11:39 UTC