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Bitcoin price frantically surges

Bitcoin price frantically surges
The cryptocurrency market is continuing a rapid rally that has taken ether to its highest ever price and saw bitcoin racing towards records.

le crypto-monnaie market is continuing a rapid rally that has taken ether to its highest ever price and saw bitcoins racing towards records.

It is the latest surge in a month of positive news for cryptocurrencies. Those have been driven by a range of developments within the market, such as an exchange traded fund that was launch last month, as well as concerns from outside including worries about inflation.

Bitcoin was at $66,425 at the time of publication on Monday morning. That was an increase of 8 per cent over the previous 24 les heures, and took it close to the $67,016 record it set on 20 octobre.

Ether had gained 4.5 per cent over the morning, taking it to a record high as it continued to surge.

The market as a whole was up 4.7 pour cent, according to tracking website CoinMarketCap. There was a 15 per cent increase in trading volumes over the day, Ça disait.

But those gains did not come to all coins. Some hyped cryptocurrencies – such as Solana and the new Shiba Inu coin – struggled, posting losses over the day.

Most, pourtant, were up. That included Dogecoin, the meme currency that is now worth $38 million, which was up 13 per cent on Monday morning.