<p>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.</p>.<p>The world's most popular cryptocurrency rose to a record $56,620, taking its weekly gain to 18 per cent. It has surged more than 92 per cent this year.</p>.<p>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.</p>.<p><strong><a href="https://www.deccanherald.com/business/business-news/bitcoin-steams-to-new-record-nears-1-trillion-market-cap-953057.html" target="_blank">Read | Bitcoin steams to new record; nears $1 trillion market cap</a></strong></p>.<p>Ether, the second-largest cryptocurrency by market capitalization and daily volume, hit a record $2,040.62, for a weekly gain of about 12 per cent.</p>.<p>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.</p>.<p>Ether futures contracts launched on derivatives exchange CME earlier this month.</p>
<p>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.</p>.<p>The world's most popular cryptocurrency rose to a record $56,620, taking its weekly gain to 18 per cent. It has surged more than 92 per cent this year.</p>.<p>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.</p>.<p><strong><a href="https://www.deccanherald.com/business/business-news/bitcoin-steams-to-new-record-nears-1-trillion-market-cap-953057.html" target="_blank">Read | Bitcoin steams to new record; nears $1 trillion market cap</a></strong></p>.<p>Ether, the second-largest cryptocurrency by market capitalization and daily volume, hit a record $2,040.62, for a weekly gain of about 12 per cent.</p>.<p>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.</p>.<p>Ether futures contracts launched on derivatives exchange CME earlier this month.</p>