Bitcoin-US Dollar (BTC/USD) traded up to $6,600 at the close of trading on Friday, hitting a record high of $6.7, with Ethereum (ETH/USD), the second-most valuable cryptocurrency in the world, falling to a record low of $1,845.10.
Bitcoin-US Dollars traded up $1.60 to $65.72 at the time of writing, while Ethereum-US dollars fell 0.8 percent to $1 and Ethereum-EUR dropped 0.6 percent to €1.942.
The recent rally in Ethereum-USD is a clear sign of investor optimism over the crypto-currency, which has recently surpassed its $3,000 price target, according to the Batsy Project.
The crypto-coin’s price rise coincides with an uptick in its supply of new tokens, as more tokens are being released as part of the DAO, the blockchain-based funding platform that raised $150 million.
The token sale for the Ethereum-XE platform ended in August, but the platform continues to expand its supply.
The current supply is currently 7,200 tokens, with another 3,000 tokens scheduled to be released this week, according the Betsy Project’s Twitter feed.
The Betsys price index has recently increased since the end of the trading day, climbing from $5,400 to $60.40 at the start of the week.
The latest rally in ETH-USD coincides with the release of a new version of the Ethereum blockchain platform, Ethereum Classic, which is designed to compete with Bitcoin.
The Ethereum Classic protocol is designed with a different set of goals and functions, according TOXIC Labs.
The Ethereum Classic platform has attracted attention in recent months as the platform is seen as the alternative to Bitcoin.
The price of ETH-US dollar has increased to $4,400, and the ETH-euro currency has also risen to $3.50.
The price of Ethereum-BTC has fallen to $2.15, while the Ethereum price has dropped to $5.00.