The price of Bitcoin has increased significantly in the last month, increasing more than 50% over the past three weeks, according to CoinMarketCap.com.
The cryptocurrency is also gaining ground against Ethereum, the Ethereum Classic cryptocurrency.
Ethereum Classic has gained over 25% since the start of the year, while Bitcoin has gained only 5.3%.
The price change was driven by a rise in ETH and BTC trading volumes, which have spiked.
However, a recent report by the US Securities and Exchange Commission (SEC) highlighted the risks of the cryptocurrency bubble.
“Cryptocurrencies, especially cryptocurrencies with a history of trading on a very short timeframe, are prone to sudden price surges,” said Mark Coker, co-director of research for the SEC’s Bureau of Consumer Protection.
While the price of Ether and Bitcoin may have peaked, the crypto bubble is not over, Coker said.
If you want to be safe, use some other cryptocurrencies like Ether or Dash, which can easily be traded in any market.
Bitcoin has been a bubble for a long time, Cokers noted.
In the past year, the price has soared to over $1,400, making it the most expensive cryptocurrency.
That has put Bitcoin in a new bubble: the Ethereum price.
Since Ethereum launched on Aug. 10, the cryptocurrency has been up more than 20%.
Ether has seen a similar trajectory.
The cryptocurrency has risen from a low of $9 in early January to more than $1 in August.