Investing.com - Bitcoin touched the $3,000-level for the first time on Monday, while Ethereum rose to yet another all-time high, as a monster rally continues amid bullish noises around the future of the cryptocurrencies.
Bitcoin hit a daily peak of $3,000.00 on the U.S.-based GDAX exchange at one point, its highest on record. It was last at $2,944.60 by 4:35AM ET (0835GMT), up $63.60, or about 2.2% on the day.
Other big exchanges such as Poloniex, Bitfinex and BitStamp also showed the cryptocurrency around the $3,000-level early Monday.
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.
Bullishness around bitcoin has stoked appetite for other cryptocurrencies. One in particular known as Ethereum is gaining traction.
Ethereum has risen from $8.24 on January 1, to a high of $379.00 on Monday. This represents a whopping 3,000% increase year-to-date.