Bitcoin has crossed the $40, 000 price point in the first week of January 2021.
This is less than three weeks since Bitcoin crossed the $20, 000 mark in December signaling increased demand and interest in the digital asset.
At this price, Bitcoin has seen weekly gains of above 40% with speculators saying the bull run is far from over.
SEE ALSO: Total Cryptocurrency Market Cap Crosses $1 Trillion
Speaking about the latest psychological significant milestone, Sui Chung, CEO, CF Benchmarks, said:
“Less than a month after Bitcoin broke through $20k its price has doubled to $40k. It’s now hard for anyone to deny we are seeing the maturation of a whole new asset class, This could be the ‘broadband moment’ for cryptocurrency – where every company and individual needs to think seriously about how they engage and interact with cryptocurrency.”
– CEO, CF Benchmarks
As we celebrate Bitcoin gains, a few altcoins have seen even higher gains, most notably:
- Ethereum – Up 62% in 2021
- Stellar – Up 150% in 2021
- Cardano – Up 53% in 2021
RECOMMENDED READING: More than 1 Million Bitcoins Became Unavailable in the Course of 2020 with Only 4.2 Million Now in Circulation (22%)
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