The cryptocurrency market has received great news has most cryptocurrency like Bitcoin, Ethereum and others rises yet again after months of stagnation.
The observation made saw that Bitcoin surged 7.07 percent to $47,587.38 over the weekend, adding $3,142.93. Bitcoin which is the world’s biggest and best-known cryptocurrency, is up 71.6 percent from the year’s low of $27,734 on January 4.
Also, Ether, the coin linked to the Ethereum blockchain network, rose 7.86 percent to $3,284.18 over the weekend adding $243.55 to its previous close.
Currently trailing Bitcoin by thousands of dollars, the Ethereum platform’s potential applications, lower environmental impact, and technical upgrades are likely to help the Ether token continue to outperform Bitcoin.
Most cryptocurrencies have been viewed to keep rising as work resumes fully across the world.
Though the digital money have been a way of investment but it is being advised that one should be cautioned putting all money on it.