Cryptocurrency prices today surged with Bitcoin rising above $60,000 on Thursday after crashing in the past few sessions and tumbling to its lowest price this month.
Both scaled records last week amid a fervor for digital assets driven by speculative demand and controversial arguments that they can hedge inflation risks.
Ether, the coin linked to ethereum blockchain and the second largest cryptocurrency, also rallied more than 4% to $$4,328.
Meanwhile, dogecoin price gained over 2% to at $0.24 whereas Shiba Inu also surged marginally to $0.000048.
Money pouring into bitcoin products and funds has hit a record $9 billion this year, and totalled $151 million last week in the 13th consecutive week of inflows, data from digital asset manager CoinShares showed on Monday.