the cryptocurrency The market continues with a rapid rally that has brought the ether to its highest price and saw bitcoin running towards records.
It is the latest increase in a month of positive news for cryptocurrencies. These have been driven by a variety of developments within the market, such as an exchange-traded fund that launched last month, as well as external concerns, including concerns about inflation.
Bitcoin was at $ 66,425 at press time on Monday morning. That was an 8 percent increase from the previous 24 hours, and brought it closer to the record of $ 67,016 it set on October 20.
Ether had gained 4.5 percent during the morning, taking it to a record as it continued to rise.
The market as a whole was up 4.7 percent, according to tracking website CoinMarketCap. There was a 15 percent increase in trading volumes during the day, he said.
But those gains did not reach all currencies. Some publicized cryptocurrencies, such as Solana and the new Shiba Inu currency, struggled and posted losses during the day.
Most, however, got up. That included Dogecoin, the meme currency now worth $ 38 million, which was up 13 percent on Monday morning.
