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The total market value of cryptocurrencies surpassed $1 trillion for the first time Thursday amid a frenzied and volatile rally in Bitcoin to yet another record. Cryptocurrencies hit the milestone after a fivefold climb in market value in the past year, data from tracker CoinGecko shows. Strategists have cited demand from speculative retail traders, trend-following quant funds, the rich and even institutional investors as among the reasons for the surge. Bitcoin rose as much as 5 per cent on Thursday to touch a high of $37,802 and has more than quadrupled in the past year, according to a comp...

Bitcoin Surges Close to $34,000 TheStreet 1/3/2021 © TheStreet Bitcoin Surges Close to $34,000 The cryptocurrency bitcoin jumped to $33,834 on Sunday at around 4 p.m., according to CoinGecko, after hitting $30,000 for the first time in its history the day before. "Bitcoin's rise isn't surprising in the least -- it's been a buildup of credibility and sustainability, with strong network effects," said Dave Balter, the CEO of Flipside Crypto, in an email to TheStreet on Sunday. The world of institutional finance "has finally taken notice" of crypto, added Balter, whose firm posts regular...

Bitcoin Surges Past $33,000 The cryptocurrency jumped over the weekend past $30,000 for the first time in its history. Author: Original: Jan 3, 2021 The cryptocurrency bitcoin jumped to $33,834 on Sunday at around 4 p.m., according to CoinGecko, after hitting $30,000 for the first time in its history the day before.  "Bitcoin's rise isn't surprising in the least -- it's been a buildup of credibility and sustainability, with strong network effects," said Dave Balter, the CEO of Flipside Crypto, in an email to TheStreet on Sunday.  The world of institutional finance "has finally taken noti...