nvesting.com - Bitcoin rose on Tuesday after finishing the previous session lower as investors took profits after the cryptocurrency touched the $3,000-level for the first time ever.
Bitcoin hit an intra-day high of $2,768.1 on the U.S.-based GDAX exchange. It was trading at $2,728.2 by 04.55 AM ET (08.55GMT), up $75.4, or about 2.84% on the day.
Bitcoin hit a record high on Monday as a rally continues amid bullish noises around the future of cryptocurrencies.
Since the start of the year, the price of bitcoin has soared roughly 200%, taking the total value of the cryptocurrency in circulation to around $48 billion.
Recent gains were likely driven by soaring demand in Asia, most notably Japan, China and South Korea.
Meanwhile, Ethereum prices were lower, falling 4.71% to $379.69 after hitting a record high of $419.3 on Monday.
Monday’s high represented a more than 5,000% price increase since January 1, when Ethereum was trading at $7.98.
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