Bitcoin has suddenly rocketed higher, climbing almost 5% over the last 24 hours to highs of $53,750 on the Luxembourg-based Bitstamp exchange.
The latest bitcoin price rise, coming just days after the cryptocurrency broke through the closely-watched $50,000 level, means the combined value of the 18.6 million bitcoin tokens in circulation are now worth over $1 trillion—double the $500 billion it started 2021.
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