Investing.com - Bitcoin and Ethereum rose on Thursday and were on track to post a third day of gains despite fears that cryptocurrencies are facing a period of correction.
On the U.S.-based GDAX exchange, bitcoin rose to a high of $2,582.9. It was last at $2,543.4.
Since the start of the year, bitcoin has gained more than 250%, rising from about $720 to all-time highs of $3,000.
Ethereum, the second-biggest capitalized digital currency, rose to $290.41, up 1.7%, after falling to about $200 on Monday on the back of investor concerns that cryptocurrencies had peaked.
Ethereum is still down roughly 22% over the past two weeks. However, it remains up over 2,000% so far for the year.
Meanwhile, other cryptocurrencies such as Ripple and Litecoin were lower, with both losing around 5%.