Cryptocurrency

Bitcoin and Ethereum hit new record highs in the last 24 hours.

Market leader Bitcoin (BTC) reached $68,530 and is worth $67,958 at the time of writing (7am UK) after a 3% gain in the last 24 hours.

It is up 10% on last Tuesday morning.

ETH, the world’s second most valuable crypto, hit $4,837 and is worth $4,807 at present following a 1% climb.

The smart contract blockchain platform is 10% up over seven days.

Ether has gained almost 60% since the start of October, while market leader Bitcoin is up more than 50% over the same period.

The bull market has been attributed to last month’s launch of a US futures-based Bitcoin exchange-traded fund, while Australia’s biggest bank is to offer crypto trading to retail customers and there has also been vocal backing for the sector from the mayors of New York and Miami.

Binance Coin (BNB) remained fairly static at $645, leaving it 19% up in a week, while Solana (SOL) is 20% up over seven days after remaining around $245 in the last 24 hours.

Polkadot (DOT) is down slightly but remains above $53 and is 8% up over seven days.

Cardano (ADA) gained 6% to $2.17, leaving it 11% up over seven days, while Ripple’s XRP was one of the few coins to fall – shedding 2% to $1.26 – yet is 15% up on last Monday.

Dogecoin gained 4% to climb above 28 cents, leaving it 2% up in a week, while ‘Dogecoin killer’ SHIBA INU rebounded 7% after days of losses but is 20% lower than its valuation last Tuesday morning.

SHIB, an Ethereum-based spinoff from DOGE which had rocketed past its parent coin in terms of market cap early last week only to drop back out of the top 10 cryptos, is now worth $31.3 billion, compared to the $37.4bn of DOGE.

The overall market cap of the more than 13,800 coins is at a record $2.94 trillion, an increase of 2.3% in the last 24 hours.

To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.

For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below.