Bitcoin has surged for the first time to a whooping value of $40,000, doubling in value in less than a month and pushing the total market value of cryptocurrencies beyond $1trillion.
Cryptocurrencies hit a great milestone after a five-fold climb in market value in the previous year, insights from CoinGecko tracker reveals.
Strategists have cited demand from speculative retail traders, the rich and even institutional investors and trend-following quant funds as among the reasons for the high surge.
Credit: Vanguard, Finance Yahoo
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