The price of Bitcoin has risen to $68,025 (€58,000) and the second-biggest digital coin, Ether by Ethereum surged by over 1% to $4814.80 (€4,153).
Bitcoin rose over 3% in the last 24 hours, according to CoinMarketCap and has beaten its last record price in October over $67,016.50
The price of Bitcoin, the world’s most popular cryptocurrency, appreciated by 2.49% in the last 24 hours, touching $67,939, highest in a year.
According to global crypto price tracker, CoinMarketCap, bitcoin appreciated by 10.13% in seven days.
In Nigeria, many have resorted to cryptocurrencies despite government ban to protect their savings as the naira loses value.
One bitcoin is as of now valued at about N27 million.
Ethereum recorded an all time high of $4,815, indicating 2.04% appreciation in the last 24 hours and 10.27% in seven days.
That is about N1.9 million.
Appreciation in the value of the two cryptocurrencies cannot be linked to any event but crypto experts and analysts have predicted that these coins will continue to appreciate in the coming weeks.