Bitcoin, which recently hit record high of around $69,000, is up over 127% this year so far.
Bitcoin’s ride has been volatile as the most popular digital token plunged below $30,000 in June amid criticism of its energy consumption and China’s cryptocurrency crackdown.
“After surging past the $69K mark and making a new ATH, Bitcoin is sitting strong around the $65000 levels.
Ether, the coin linked to ethereum blockchain and the second largest crypto, also gained more than a per cent to $4,706.
Interestingly, the Ethereum address activity has grown by almost 50% in the month of October’21 owing to major rise in demand,” said Menon.
Dogecoin price was up marginally to at $0.26 whereas Shiba Inu rose to $0.000052.