Bitcoin continued to rise during Tuesday's trading coinciding with the fall of the US dollar, as markets prepare for US inflation data expected to be released later today.
The dollar is under pressure due to expectations that the US consumer price index will slow during August, making risk assets more attractive and supporting demand for cryptocurrencies.
The Chicago Mercantile Exchange on Monday launched trading options on Ethereum futures, ahead of the announcement of the Ethereum network upgrade expected this week.
Bitcoin climbed 1.21% at $22,691.50 at 2:31 p.m. Mecca time, according to CoinPass data.
The second-largest cryptocurrency by market capitalization, Ethereum, also rose 1.02% to $1743.62, and Ripple increased to 36 cents.
