# Riding the wave: Bitcoin, ether hit fresh highs | Tech News (HT Tech) > The world's most popular cryptocurrency rose to a record $56,620, taking its weekly gain to 18%. # Riding the wave: Bitcoin, ether hit fresh highs ## The world's most popular cryptocurrency rose to a record $56,620, taking its weekly gain to 18%. Aug 21 2022, 15:19 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![The past week has been spectacular for the cryptocurrency market.](https://images.hindustantimes.com/tech/img/2021/02/20/1600x900/2020-11-24T133928Z_788862449_RC2P9K9XL48K_RTRMADP_3_CRYPTO-CURRENCIES_1606271037668_1606271145603_1613809912694.JPG) The past week has been spectacular for the cryptocurrency market. (REUTERS) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By REUTERS Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier. The world's most popular cryptocurrency rose to a record $56,620, taking its weekly gain to 18%. It has surged more than 92% this year. Bitcoin's gains have been fuelled by evidence it is gaining acceptance among mainstream investors and companies, such as Tesla Inc, Mastercard Inc and BNY Mellon. Also read click here. Bitcoin touched another record pinnacle at $54,182, which means that the combined value of Bitcoin now stands at $1.002 trillion, as per a Coinmarketcap.com report. Also Read: Bitcoin value hits $1 trillion mark The past week has been spectacular for the cryptocurrency market, which has been booming ever since Tesla CEO Elon Musk started showing his support Ether, the second-largest cryptocurrency by market capitalization and daily volume, hit a record $2,040.62 , for a weekly gain of about 12%. Ether is the digital currency or token that facilitates transactions on the ethereum blockchain. In the crypto world, the terms ether and ethereum have become interchangeable. Ether futures contracts launched on derivatives exchange CME earlier this month. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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