Both cryptocurrencies have more than doubled since June and added nearly 70 per cent against the dollar since the start of October.
Recently, the biggest bank in Australia has announced that it would offer crypto trading to its customers.
Following these, cryptocurrencies’ market capitalisation have surged over USD 3 trillion, Reuters reported CoinGecko.
As with most cryptocurrencies, Bitcoin is without a central bank or single administrator that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries.