Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier.
The world’s most popular cryptocurrency rose to an record $56 620 (R830 040), taking its weekly gain to 18%. It has surged more than 92% this year.
Bitcoin’s gains have been fuelled by evidence it is gaining acceptance among mainstream investors and companies, such as Tesla Inc, Mastercard Inc and BNY Mellon.
Ether, the second-largest cryptocurrency by market capitalization and daily volume, hit a record $2,040.62, (R29 915.48) for a weekly gain of about 12%.
Ether is the digital currency or token that facilitates transactions on the ethereum blockchain. In the crypto world, the terms ether and ethereum have become interchangeable.
Ether futures contracts launched on derivatives exchange CME earlier this month.
In Other News: PF’s Lukombo Kalimba s.e.xtape goes viral – Video
We are slowly looking more and more like the end of times are close. Morality is no longer an issue with this generation. The worse thing is when it’s displayed by political leaders the youth look up to, like Lukombo Kalimba.
Just last year the nation was taken back after a video and pictures were leaked of the then minister of health David Mabumba which were…learn more