Bitcoin, Ether Press Higher as Momentum Increases

Bitcoin’s price was up about 0.3% over the past 24 hours, the latest surge in an upbeat week that saw the largest cryptocurrency by market capitalization climb about 8% in value.

The spike came amid new hopes that the U.S. Federal Reserve would be able to scale back its monetary hawkishness sometime early next year, and a few mildly encouraging economic indicators.

Ether’s price recently increased 0.6% from Thursday, same time, and was up approximately 19% over the past week.