The crypto-currencies bitcoin and ether have been doing well against the US dollar over the last few months.
Bitcoin surged from $11,829 to $13,049 on March 20.
Ether, which was founded in 2009, also hit a record high of $23,000.
Now, Bitcoin is trading at $12,959.
Ether has been rising more than 500% over the past month.
Now it is trading above $17,000 per coin, according to CoinMarketCap.com.
The Ethereum price is currently trading at around $9,600.
Bitcoin has lost about 5% over that period.
Ethereum is also gaining.
It is trading higher on major exchanges and is up almost 2,000% from its low of $7,500 on March 21.
In recent days, bitcoin has been surging.
It has gained more than 10% in a week.
It gained more or less $100 on Monday, according the CoinDesk Bitcoin Price Index.
Ether gained more as well.
On Monday, the price of Ether was up more than 2,500%.
ETH also gained 2,300% over last week.
However, Ether has now been trading at about $10,000 a coin.
Bitcoin’s price has been sliding since March 21 because of the US Federal Reserve’s interest rate hike.
The Fed’s decision to raise interest rates is hurting the cryptocurrency market and the price has fallen over the course of the past few days.
In early March, the cryptocurrency price had been surging because of this interest rate decision.
On Tuesday, the rate hike led to a huge surge in Ether and Bitcoin.
The Ether price soared over 5,000%.
On Tuesday morning, the Ether price was trading at over $20,000 and bitcoin was trading around $13.00 per coin.
The Bitcoin price is up about 2,100% over this period.
But, Ethereum is now down about 50% from the day before.
On March 22, Ethereum was trading about $16,000, while bitcoin was about $19,000 at the time.
Ether is now trading at roughly $9 a coin, which is a lot higher than it was last week, said Daniel Poulter, chief market analyst at research firm Digital Currency Group.
“The rise of the altcoin market has pushed the dollar up and bitcoin down.
There is a disconnect between how the price is perceived and how the value is perceived,” Poulters said.
“Ether has been the only crypto-coin to gain in value against the dollar,” Poulster added.
“There is no denying that Bitcoin is gaining against the yen.
But Ether is going up against the euro.”
The Bitcoin market has been growing since the start of March.
The cryptocurrency price has increased by more than 25% since the beginning of March, according CoinMarketMarketCap data.
The value of the cryptocurrency has been increasing steadily for the past two weeks.
The total market capitalization of all cryptocurrencies is about $2.6 trillion.
The US Dollar is now the world’s second-largest reserve currency.
Bitcoin is now valued at $1.26 trillion.
Ether was valued at about about $11 million at the end of March and is now up to $18,000 from March 21, according data from CoinMarketMax.
Ether also has a large market cap.
Its market cap is now about $13 billion.
On Friday, the total market cap of all currencies was about US$5.3 trillion.
Poulster pointed out that there are several reasons why Bitcoin has been gaining in value.
“In the past, we have seen the crypto-markets price move higher due to the Fed’s interest rates,” he said.
However and especially with the interest rate increase, the US Dollar has fallen against other currencies.
“I would also say that Bitcoin and Ethereum have been outperforming the USD for a long time,” Pouster added, adding that he believes that cryptocurrencies are more liquid and stable than fiat currencies.
Poulser believes that Ether is gaining because of its greater market cap and the fact that there is no longer a need for banks to take cryptocurrencies.
Poulos said that the market is not seeing much demand for Ether, because people do not need a bank account to transact with them.
“We have been seeing this over the years, as fiat currencies have become less and less stable and volatile.
People do not use these currencies as a means to buy things,” Poulos explained.
“It is a good reason for people to have more diversified portfolios.”
Poults comments about Bitcoin are in line with what the market has said about Ether for some time.
“This is a bubble,” Poules said.
The market is also buying ether because of Ethereum’s recent announcement that it will launch a new crypto-wallet service.
“What we are seeing now is