Bitcoin prices pushed higher on Thursday, attempting to break out of what has been a relatively subdued period for the world’s largest digital currency.
Bitcoin, the world's most valuable digital currency, was up around 2% at $6,434.90 on the Bitfinex exchange by 8:05 AM ET (12:05 GMT), after rising to as high as $6,549.90.
Bitcoin has not traded outside the $6,100-to-$6,600 range since Sept. 6.
Beyond Bitcoin, the price of the other major cryptocurrencies also increased.
Ethereum, the world’s second-largest cryptocurrency by market cap, was up roughly 3.5% at $213.10.
Meanwhile, XRP was trading at $0.36003, up about 15% for the day.
Hype is building around the potential rollout of the protocol's xRapid product that proponents hope better facilitates cross-border transfers.
Sagar Sarbhai, head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said earlier this week that the company is aiming to launch xRapid, a product that helps banks speed up transactions by using XRP, in the “next month or so.”
Litecoin was higher by 4% at $54.67.
