Bitcoin topped $40,000 for the first time on Thursday, as it continues a rally that has seen the digital currency climb more than 700% from a March 12 closing low.
Increased demand from institutional, corporate, and more recently retail investors has powered bitcoin’s surge this year, attracted by the prospect of quick gains in a world of ultra-low yields and negative interest rates.
The world’s most popular cryptocurrency climbed as high as $40,402.46 and was last up 6.1% at $39,100. It crossed $30,000 for the first time on Jan. 2 and $20,000 on Dec. 16.
Bijay Pokharel
Bijay Pokharel is the creator and owner of Abijita.com. He is a freelance technology writer focusing on all things pertaining to Cyber Security. The topics he writes about include malware, vulnerabilities, exploits, internet defense, women's safety and privacy, as well as research and innovation in information security. He is a tech enthusiast, keen learner, rational and cool person in his professional activities and challenges.
Related posts
Recent Posts
Subscribe
Cybersecurity Newsletter
You have Successfully Subscribed!
Sign up for cybersecurity newsletter and get latest news updates delivered straight to your inbox. You are also consenting to our Privacy Policy and Terms of Use.