Cryptocurrency prices were mixed Tuesday, with the No. 1 digital currency in the green, reaching its highest level since Jan. 28.
The torrid start to the year for crypto investors is slowly abating, with bitcoinBTCUSD, -4.98% rising to an intraday high of $11,746.23, according to news and research site CoinDesk. The recovery has bitcoin on track to record its sixth daily gain in the past seven sessions.
Elsewhere, it's a mixed bag for other major cryptocurrencies.
Litecoin rose 10.5%, trading to $247.25; ether fell 1.8% to $926.36; bitcoin cash lost 2% to $1,505.44; and Ripple traded to $1.12, lower by 1.8%.
Ethereum founder Vitalik Buterin grabbed headlines over the weekend when he warned investors that cryptocurrencies shouldn't be viewed as a ticket to early retirement and that they "could drop to zero." In the tweet, the Russian-born programmer added that, "If you're trying to figure out where to store your life savings, traditional assets are still your safest bet."
On the futures front, the March Cboe Global MarketsXBTH8, -5.35% contract settled at $11,685, up 15.2%, while on the CME Group Inc.BTCG8, -6.09% the February contract closed at $11,735, up 15%.