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Former FDIC President Sheila Blair shares her skepticism about the value of cryptocurrency.
Bitcoin was trading up 3.7% on Friday morning.
The price was around $ 61,200 per coin, while rivals Ether and Dogecoin were trading around $ 4,330 and 29 cents per coin, respectively, according to Coindesk.
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Ether, the world’s second largest cryptocurrency, hit an all-time high on Friday.
The token, which underpins the ethereum blockchain network, rose 2.6% to $ 4,400 in Asian hours.
Its previous record was set in May at $ 4,380, according to Reuters.
BITCOIN ETF OPENS THE VALVES FOR MORE
The new high was reached after Ethereum burned more tokens than it issued in the past 24 hours. Coin engraving refers to the process of removing tokens from circulation and is the crypto market equivalent of a stock buyback, according to Coindesk.
Cryptocurrency markets have rallied sharply in recent weeks, and the ether has risen more than 60% since its low in late September.
Biitcoin set its own record last week at $ 67,016 and has been up around 50% since late September.
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Dogecoin has also been on the move recently. The cryptocurrency surged to $ 0.335 on Coinbase on Thursday, hitting the highest level since August 20.
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